Investment Opportunity - 8 Unit Multifamily
Prime Location: Legal 8-unit multifamily in Poinsettia Heights, one of Fort Lauderdale’s most exclusive residential neighborhoods.
Strong Returns: Generates $157,800 gross income with $96,009 NOI, delivering a 6.1% cap rate.
Efficient Unit Mix: 7 one-bedroom/one-bath units and 1 two-bedroom/one-bath unit—ideal for steady occupancy.
Value & Scale: Priced at $1.575M ($189,875/unit or $308/SF), offering attractive entry into a premium submarket.
Tenant Appeal: Walkable, quiet surroundings with on-site coin laundry and 13 parking spaces enhance retention.
High Barriers to Entry: Extremely limited inventory in this zoning area makes this a rare multifamily acquisition.
Location
1708 NE 20 Ave Fort Lauderdale, FL
More Details
Asset Type
Units
Price/Unit
Gross Income
Operating Expenses
NOI
Cap Rate
Mix
Area
Lot Size
Year Built
Parking
Taxes
Notes
Multifamily
8 units
$189,875
$157,800
$61,791
$96,009 ($19/sf)
6.10%
7 units 1br/1ba, 1 unit 2 br/1ba
5,110
13,010
1958
13 spaces
$24,425
Laundry: coin laundry on-site