Multi-housing / PRS

Lauderdale Value-Add Portfolio

2100 NE 33 Avenue Fort Lauderdale, Florida United States 33305
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 1953
Building Area

Property Description

Cortleigh Apartments is a 22-unit multifamily community located at 2100 NE 33rd Avenue within the Lauderdale Beach corridor. The Property is currently vacant, with only 7 of the 22 units having undergone moderate renovations, demonstrating tremendous upside potential through streamlined operations and interior/exterior upgrades. The Property is strategically positioned only steps away from the Fort Lauderdale beach, less than a 15-minute drive to Downtown Fort Lauderdale and enjoys quick and easy access to A1A with subsequent linkage to other major highways, such as I-95 and US1. 3030 Harbor Apartments is a 35-unit mid-rise rental community in the flourishing Las Olas Beach submarket of Fort Lauderdale in Broward County. The Property currently provides lodging for Delphi Health Group patients but will become vacant upon acquisition. All 35 units have undergone moderate renovations, demonstrating tremendous upside potential through streamlined operations and further interior/exterior upgrades. The Property is strategically positioned only steps away from Fort Lauderdale’s Las Olas beach, less than a 15-minute drive to the Fort Lauderdale-Hollywood International Airport and enjoys quick and easy access to A1A with subsequent linkage to other major highways, such as I-95 and US1.

Investment Highlights

  • Jones Lang Lasalle (“JLL”) is pleased to exclusively offer the rare opportunity to acquire a two-property, value-add, multi-housing portfolio located in Fort Lauderdale, Florida, Broward County. Totaling 57 units, both communities have undergone moderate renovations, demonstrating tremendous upside potential through further interior/exterior upgrades.
  • Both properties are located in excellent sub-markets near large employment centers, world class retail, desirable dining and entertainment destinations, and less than a 5-minute walk to the beach. Residents also benefit from easy access to nearby expressways providing for short commutes to their respective downtown and top suburban employment corridors. PLEASE NOTE: Both assets may be acquired either together as a portfolio or individually.
Last Updated Date: 26 Aug 2020
Victor Garcia
Victor Garcia
Director, Capital Markets
License details
FL-BK3213205
Maurice Habif
Maurice Habif
Senior Director, Capital Markets
License details
FL-SL3253490

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Last Updated Date: 26 Aug 2020

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