Marcus & Millichap, as exclusive agent, is proud to present to market Art Building Apartments which is located in Fort Lauderdale, which is in Broward County, Florida. The property consists of 16 multifamily units located just southeast of Broward Boulevard and State Road 7. In total, there are 10 one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units. The building totals 9,338 square feet was built in 1965 and sits 0.34 acres. The building were constructed of concrete block and have hurricane impact windows throughout.
Located on SW 1st Street, the asset sits just east of State Road 7 and just south of Broward Boulevard. An advantageous economic climate is helping the City of Fort Lauderdale establish itself as a world-class international business center and one of the most desirable locations for new, expanding or relocating businesses. Once known strictly as a tourism-based economy, Fort Lauderdale now supports a diverse range of industries, including marine, manufacturing, finance, insurance, real estate, high technology, avionics/aerospace, film and television production.
Art Building Apartments offers an investor the opportunity to purchase 16 multifamily units located in Fort Lauderdale, Florida and the opportunity to increase rents and to current market levels.
