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1916 SW 11th St 24 Unit Apartment Building $5,800,888 ($241,704/Unit) Fort Lauderdale, FL 33312
INVESTMENT HIGHLIGHTS
- Prime opportunity to acquire a 24-unit multifamily building just minutes from Downtown Fort Lauderdale.
- Each unit features central air conditioning and individual electric meters.
- Kitchens and bathrooms are in excellent condition, requiring minimal maintenance.
- The unit mix includes four 2-bed/2-bath, four 2-bed/1-bath, and sixteen 1-bed/1-bath apartments.
- A durable metal roof with a 40 to 60-year lifespan was installed, minimizing future capital expense.
- On-site laundry facilities provide added convenience for tenants.
EXECUTIVE SUMMARY
1916 SW 11th St in Fort Lauderdale offers a rare opportunity to acquire a 24-unit apartment building located just minutes from Downtown. The property includes four 2-bed/2-bath units, four 2-bed/1-bath units, and sixteen 1-bed/1-bath units, each equipped with central A/C and individual electric meters. A metal roof with a lifespan of 40 to 60 years has been installed, and the building completed its 10-year recertification on November 3, 2020. Kitchens and bathrooms are in great condition and require minimal maintenance. On-site laundry facilities add convenience for residents. The location is close to the airport, beaches, restaurants, and retail, which supports strong tenant demand and potential for rent increases.
PROPERTY FACTS
| Price | $5,800,888 | Building Class | C |
| Price Per Unit | $241,704 | Lot Size | 0.61 AC |
| Sale Type | Investment | Building Size | 16,911 SF |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1967 |
| Apartment Style | Garden | ||
| Zoning | RD-15 - Residential | ||
| Price | $5,800,888 |
| Price Per Unit | $241,704 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 16,911 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1967 |
| Zoning | RD-15 - Residential |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Car Wash Area
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 800 - 850 |
| 2+2 | 8 | - | 1,000 |
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PROPERTY TAXES
| Parcel Number | 50-42-09-12-0310 | Improvements Assessment | $4,600,530 |
| Land Assessment | $79,200 | Total Assessment | $4,679,730 |
PROPERTY TAXES
Parcel Number
50-42-09-12-0310
Land Assessment
$79,200
Improvements Assessment
$4,600,530
Total Assessment
$4,679,730
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1916 SW 11th St
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