Miami Sky Villas
Closed1229 Miami Rd, Fort Lauderdale, FL 33316
Property type
Multifamily
Unit / Space count
6
Price
$935,000
Building size
2,764 sf
Rentable area
2,764 SF
Year built
1957
Year renovated
Occupancy
Zoning code
Lot size
0.18 Acres
Sold/status
Sold · Date unknown
Sale price
$935000
Bedroom count
Property description
Miami Sky Villas is a 6-unit multifamily community located in the heart of the Harbordale Submarket in Fort Lauderdale, Florida, which is in Broward County. The subject property was built in 1957 using reinforced concrete block construction with freshly painted stucco exterior and is situated on 0.18 acres of land. The property is located on the east side of S Federal Highway and is just a block from major retailers. The surrounding area boasts multi-family buildings of similar age and construction. Due to the premium location, there are many luxurious homes within the neighborhood. The asset is conveniently located just east of S Federal Highway, directly west of Miami Rd and south from Davie Blvd. Also S Federal Hwy leads into the Port Everglades where all the cruise ships and large cargo ships dock, which is a major employment base in the area. Within minutes of driving, you can access the world-famous Fort Lauderdale Beach, renowned Las Olas Blvd and the shops and restaurants of the Galleria Mall. Additionally, Miami Sky Villas is located in one of the most up and coming, well-known neighborhoods in Broward County known as Harbordale. The investment opportunity has a unit mix that consists of (4) Studios w. Den and (2) One-bedroom & One-bathroom totaling approximately 2,764 SF. The property boasts amenities such as ample parking, laundry on-site and a lush courtyard. Miami Sky Villas offers an investor the opportunity to purchase an unbelievably located, value-add asset in the heart of one of the hottest markets in Florida. The investment opportunity offers amazing cash flow day one with the ability to add value in a location that cannot be beaten!
Property highlights
- Sold All Cash For $935,000 In a Compressed 30-day Timeframe
- Asset Sold At $155,833 A Unit & $338.28 A SF
- Multiple Offers Generated
- Franklin Street Exclusively Represented The Seller
- Located In The Rapidly Growing Harbordale Submarket