Available For Sale - Multifamily

26,327 SF | Show Pricing $

LISTED BY

Steven Paulsen
Open Market CRE, 561-929-4098

AVAILABILITY DETAILS

Size
26,327 SF
Price/SF
Show Pricing $
Listing ID
SA529982
Notes
Croissant Park Apartments presents a promising investment opportunity within the South Florida Metropolitan Statistical Area, specifically in Fort Lauderdale, Florida. Situated in the Croissant Park neighborhood along the Federal Highway corridor in South Fort Lauderdale, this property enjoys proximity to key attractions. To the north, you'll find Downtown Las Olas, just minutes away, while the Fort Lauderdale Airport is a short drive to the south.



Since their acquisition, Croissant Park Apartments has undergone significant capital improvements, including the installation of hurricane impact windows and kitchen renovations, security cameras, well fed sprinklers to name a few of the enhancements. The current ownership has effectively kept up with the booming rental market, but there remains untapped potential in the rent roll for the next buyer. Rental rates continue to rise steadily as more individuals are drawn to the allure of Fort Lauderdale and the exceptional lifestyle it offers.



Vista Court Apartments represents an attractive value-add opportunity within the South Florida Metropolitan Statistical Area, situated in the City of Deerfield Beach, Florida. Nestled within the Pioneer Groves Local Activity Center, which is strategically planned as Deerfield Beach's walkable mixed-use district, this property serves as the core of the city.



Since its acquisition, the surrounding community has experienced significant developments, including the establishment of new parks and townhomes near the subject property. The property itself has undergone substantial repositioning with capital improvements, such as the installation of new hurricane impact windows and doors, upgraded kitchens, improved flooring, and more. It's important to note that the area is characterized by a scarcity of this type of product, as it primarily consists of single-family homes, townhomes, and privately owned condominiums. It is very rare to find multifamily in this market.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Steven Paulsen, Open Market CRE
BRE# BK3053136