Building Description
Executive Summary
PRICE IMPROVEMENT $150K...Presenting a rare opportunity to acquire a turnkey, fully furnished, income-producing multifamily portfolio currently operating as a vacation rental, located in Wilton Manors, Florida, in the heart of the Fort Lauderdale metropolitan market.
The portfolio consists of three consecutive buildings across three separate folios, totaling 10 residential units situated on an expansive ±21,000 square feet of land. The unit mix includes six one-bedroom units, two studios, and two efficiencies, offering a diversified and highly desirable rental profile. All units are fully furnished and operational, allowing an investor to acquire a stabilized asset with immediate cash flow from day one.
The property is configured as a multifamily compound and features a newly constructed resort-style pool, enhancing guest experience, supporting premium nightly rates, and driving higher occupancy. The scale of the land and layout of the buildings provide operational efficiency, privacy, and long-term optionality.
Strategically positioned in a high-traffic, high-demand corridor, the asset benefits from close proximity to Fort Lauderdale Beach, Las Olas Boulevard, Wilton Drive, the Hard Rock Guitar Hotel, major highways, and Fort Lauderdale-Hollywood and Miami International Airports. This central location supports strong year-round demand, repeat bookings, and a broad guest base, making it well suited for continued short-term rental operations.
This offering represents a compelling opportunity for investors seeking a stabilized, operating vacation rental multifamily asset in a supply-constrained submarket, with durable income, long-term appreciation potential, and underlying land value in one of South Florida’s most resilient rental markets.
Current performance is based on approximately 64% occupancy with no dedicated marketing spend. Bookings have historically been generated primarily through third-party booking platforms with limited direct booking infrastructure. This presents a significant upside potential for a new owner to increase occupancy, improve average daily rates, and reduce third-party commission costs through targeted marketing, revenue management, and expansion of direct booking channels. Given the property’s location, amenities, and unit mix, there is meaningful potential to increase overall revenue and net operating income.pre
