14th Avenue Villas

Highlights

• Value Add Opportunity in a Path Of Progress Neighborhood in Fort Lauderdale
• Interest Only Seller Financing Available at 6% Annually +/- $1,000,000 Debt
• Potential to Self Insure For Hurricane Coverage via Seller Approval & Financing
• 6 of 8 Renovated Bathrooms w/ Walk-in Showers
• Units 4 & 5 Feature 1,500 Sq Ft Back Yard Areas w/Artificial Grass
• Washer & Dryer in Each Unit
• Newly Installed Mini Split A/C Units
• Solar Powered Common Area Electric
• Security Cameras Installed
• Unit Mix: (8) 1/1

Description

14th Avenue Villas presents an exceptional eight-unit multifamily investment opportunity in Fort Lauderdale, Florida. Ideally situated just outside of Downtown, this property offers convenient access to Fort Lauderdale Beach, Las Olas Boulevard, Port Everglades, and Fort Lauderdale-Hollywood International Airport. The strong demand for workforce housing in this area ensures stable residential income, with the potential for a high-end renovation strategy in this emerging market.

Recent significant renovations and stabilization efforts have been made since the current owners acquired the property. Improvements include bathroom renovations, the installation of mini split air conditioning units, and in-unit laundry facilities in each villa. The property comprises four duplex-style units, providing greater privacy and a more homelike feel compared to traditional Class C apartments in the area. Units 4 and 5 boast private backyards with approximately 1,500 square feet of artificial grass, enhancing the tenant experience.

The Fort Lauderdale rental market is one of the fastest-growing in the nation, with rental growth remaining robust in the broader South Florida region. Nearby infrastructure improvements and commercial developments are expected to further enhance property values, positioning 14th Avenue Villas as a prime opportunity for appreciation in this dynamic rental market.

Downtown Fort Lauderdale and its surrounding areas offer a blend of modern living and strategic location advantages, promising steady rental income growth and significant appreciation potential. The area's strong economic and demographic trends make 14th Avenue Villas an attractive investment in a thriving market.

Discover the allure of Fort Lauderdale's 14th Avenue Villas, a prime investment opportunity in the thriving Ft. Lauderdale-Miami Dade-WPB Metropolitan Statistical Area (MSA). This prime location is in close proximity to top economic drivers, making it highly attractive to South Florida multifamily investors. The property offers easy access to renowned destinations such as Las Olas Boulevard, Riverwalk, and nearby beaches, as well as a multitude of dining and entertainment options. The region’s strong population growth and high demand for rental housing make it a compelling investment in one of Florida's most desirable communities.

Located within Fort Lauderdale city limits, home to approximately 200,000 residents, 14th Avenue Villas benefits from the dynamic redevelopment of neighborhoods like Flagler Village, Riverwalk, Riverfront, Fat City, and Progresso Village. These areas are being revitalized through aggressive initiatives supported by a highly active Community Redevelopment Agency (CRA). Millions of square feet are under construction, featuring an abundance of Class A residential apartments and multiple retail centers. Fort Lauderdale is recognized globally as a city on the rise, making it a premier market for real estate investment.

14th Avenue Villas is strategically situated along the Broward Blvd corridor, just north of the world-famous Las Olas Blvd and the burgeoning River Walk area. Known as the "Venice of America," Fort Lauderdale boasts 165 miles of inland waterways and is renowned as the "Yacht Capital of the World," attracting the greatest collection of multi-million dollar yachts globally.

Port Everglades, generating more than $29 billion in annual business and directly impacting 11,000 jobs, contributes significantly to the local economy. The area supports various maritime industries, including shipbuilding, repairs, parts manufacturing, and retail, providing quality jobs for residents of multifamily properties like 4th Avenue Villas. Additionally, numerous corporate headquarters within a five-mile radius, such as AutoNation, Chewy, Citrix, Spirit Airlines, Zimmerman Advertising, Seacor, and Mednax, offer excellent employment opportunities for Fort Lauderdale residents.

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