This Multifamily Property is no longer advertised on LoopNet.com.

1229 Miami Rd
Fort Lauderdale, FL 33316
Miami Sky Villas · Multifamily Property For Sale · 6 Units

Investment Highlights

  • Value add opportunity with the ability to increase rents 12.20%
  • Solid Unit Mix of (2) 1 Bed 1 Bath and (4) Studios w/ Den
  • Zoned RML-25 presents a rare opportunity to significantly increase NOI
  • Potential to covert into short term rentals, achieving up to $218,952 gross
  • Located in a highly desirable area with a strong rental market - Minutes away from the beach, downtown, and the airport

Property Facts

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.18 AC
Building Size 2,764 SF
Average Occupancy 100%
No. Stories 1
Year Built 1957
Zoning RML-25 - Residential Multi-Family

Amenities

Unit Amenities

  • Air Conditioning

Site Amenities

  • Courtyard

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 2 - -
1+1 4 - -

Property Taxes

Property Taxes

Parcel Number
50-42-14-03-0420
Land Assessment
$202,780
Improvements Assessment
$599,590
Total Assessment
$802,370
  • Listing ID: 26258437

  • Date on Market: 7/26/2022

  • Last Updated:

  • Address: 1229 Miami Rd, Fort Lauderdale, FL 33316

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