Building Description
Executive Summary
Rarely does an opportunity like this become available in the highly sought-after Sailboat Bend neighborhood of Fort Lauderdale. Situated on an expansive 17,499 SF lot (0.40 acres), this well-maintained multifamily property offers a unique combination of stable income, strong occupancy, and long-term investment potential in one of the city's most desirable and supply-constrained submarkets.
The property consists of a 12-unit multifamily building totaling 7,839 SF, originally constructed in 1976 and currently operating as a strong income-producing asset. With approximately 92% occupancy and a long-standing tenant base, the property generates consistent and reliable cash flow.
Each unit is individually metered for electricity and features central air conditioning, hurricane-impact windows, and functional layouts that appeal to tenants and support long-term occupancy. Ownership has demonstrated a strong commitment to maintaining the asset, with capital improvements completed as needed over the years. Most notably, the property's electrical system was fully upgraded in 2025 to meet current code requirements and insurance standards, new gutters were installed in 2025, and a new exterior LED lighting system was installed throughout the property, enhancing curb appeal, visibility, security, and overall energy efficiency.
Parking is a significant advantage, with one assigned parking space for each one-bedroom unit and two assigned spaces for each two-bedroom unit, plus additional guest parking available on-site.
The property's substantial lot size, efficient layout, and established tenant base make it a standout offering within the market. Investors will appreciate the combination of immediate cash flow and long-term upside in a neighborhood that continues to experience strong demand and limited multifamily inventory.
Ideally positioned just minutes from Downtown Fort Lauderdale, Las Olas Boulevard, major employment centers, dining, entertainment, beaches, and transportation corridors, this asset is strategically located to benefit from the continued growth and redevelopment of the surrounding area.
This is an outstanding opportunity to acquire a stable, professionally maintained multifamily asset in one of Fort Lauderdale's most desirable neighborhoods, offering strong in-place income, proven occupancy history, and long-term investment potential in a market with limited available inventory.
