821 NE 18th Ct

$2,000,000

821 NE 18th Ct, Fort Lauderdale, FL 33305

For Sale

Multifamily

Active

Last Updated: 09/12/2024

Details:

Building Size: 4,492 sqft

Units: 2

Year Built: 1975

Floors: 2

Parking Spots: 11

Offered by Realtor

Gregory Celentano

Union Street Partners, LLC

#0667454

Request Info to Unlock

Description:

5 Unit waterfront building in desirable Middle River Terrace submarket in Fort Lauderdale. Great unit mix. 3 - 2 BR, 2 - 1 BR. 1/2 mile to downtown Wilton Manors. Property is concrete block. Central AC. Great value add opportunity. In place ownership for 27 years with current rents well below market. Underlying land value significant and allows construction of 4 units. A new owner could increase rents and bring to current market, potentially operate as short and mid term rental or lastly build new waterfront units.