921-925 Northeast 17th Avenue

Fort Lauderdale, FL 33304

Price:
$2,300,000
Total Units:
10
Number of Buildings:
2
Number of Stories:
1
Years Built:
1959
Zoning
RMM-25
Living Area:
5,276 Square Feet (*BCPA)
Lot Size:
13,500 Square Feet (*BCPA)
Type of Ownership:
Fee Simple
Utilities – Water:
City of Fort Lauderdale – Paid by Owner
Utilities – Electric:
FPL – Paid by Tenant
HVAC:
Wall Air Conditioning Units

INVESTMENT OVERVIEW

The Thomas Team of Marcus & Millichap is pleased to present 921–925 Northeast 17th Avenue, a (10)-unit apartment community located in Fort Lauderdale, Florida.

SUBJECT PROPERTY

921–925 Northeast 17th Avenue was constructed in 1959 and comprises (2) single-story concrete block buildings with painted stucco exteriors and shingle roofs. The property offers 5,276 square feet of total building area and sits on a 13,500-square-foot lot (0.31 acres), according to the Broward County Property Appraiser. The unit mix includes (8) one-bedroom/one-bathroom units, (1) two-bedroom/one-bathroom unit, and (1) two-bedroom/two-bathroom unit. The property features on-site laundry facilities, wall air conditioning units, paved asphalt parking, and tropical courtyard.

LOCATION

921–925 Northeast 17th Avenue is located in Fort Lauderdale, Florida, offering residents convenient access to Sunrise Boulevard, Federal Highway (US-1), and State Road A1A. The surrounding 1-mile area reports an average household income of $126,145 and population growth of 8.66% since 2010. Residents are within walking distance to Gateway Shopping Center, The Galleria, Bank of America, and nearby dining options, with a short drive to Fort Lauderdale Beach, Downtown Fort Lauderdale, Flagler Village, and Holiday Park.

Surrounding area retailers and points of interest include Holiday Park (0.3 miles), Truist Bank (0.3 miles), Il Mulino Restaurant (0.4 miles), Gateway Shopping Center (0.4 miles), Bank of America (0.4 miles), Talkin’ Tacos (0.4 miles), Walgreens Pharmacy (0.5 miles), Publix SuperMarket at Sunrise Boulevard (0.5 miles), Baptist Health IcePlex (0.9 miles) and The Galleria at Fort Lauderdale (1.1 miles).

Additionally, just a short drive from the property are Home Depot (1.3 miles), The Fresh Market (1.3 miles), Aldi (1.5 miles), Downtown Fort Lauderdale/Las Olas Boulevard (1.5 miles), Broward County Convention Center (4.3 miles), Port Everglades (5.9 miles), and Fort Lauderdale-Hollywood International Airport (6.0 miles).

Nearby educational facilities include Bayview Elementary School (1.2 miles), Sunrise Middle School (1.2 miles), Fort Lauderdale High School (1.9 miles), and Harbordale Elementary School (3.3 miles).

SUMMARY

921–925 Northeast 17th Avenue is being offered for sale at $2,300,000 or $230,000 per unit.

EXCLUSIVELY LISTED BY

ETHAN KRAUSS

Director Investments
Tel: (954) 245-3503
FL SL 3552519
ethan.krauss@marcusmillichap.com
North Broward & Palm Beach Counties

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com