The Thomas Team of Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale the Victoria Park & Las Olas Portfolio, consisting of seven properties totaling 43-units located in the Victoria Park and Las Olas neighborhoods of Fort Lauderdale, Florida. ***The Seller is also willing to entertain offers for individual or multiple properties.
SUBJECT PROPERTIES
The Victoria Park & Las Olas Portfolio of the following properties listed by location from north to south:
- 820 North Victoria Park Road is a 5-unit, single-story multifamily property built in 1958 of concrete block and stucco, with a flat roof and central, wall and mini-split air conditioning units. The building contains 2,632 adjusted square feet, while the lot size is 6,750 square feet, according to the Broward County Property Appraiser. The unit mix consists of (4) one-bedroom | one-bathroom apartments and (1) two-bedroom | two-bathroom apartment.
- 408 Northeast 7th Avenue is a 16-unit, three-building, one and two-story multifamily property built in 1958 of concrete block and stucco, with shingle roofs and central, wall air conditioning units. The buildings contain 9,856 adjusted square feet, while the lot size 20,250 square feet, according to the Broward County Property Appraiser. The unit mix consists of (7) studios (one of which is furnished), (4) one-bedroom | one-bathroom apartments and (4) two-bedroom | two-bathroom apartments. The property is gated and offers a large, gated courtyard with pool.
- 320 Northeast 15th Avenue is a 4-unit, single-story multifamily property built in 1965 of concrete block and stucco, with a shingle roof and mini-split air conditioning units. The building contains 2,690 adjusted square feet, while the lot size is 7,452 square feet, according to the Broward County Property Appraiser. The unit mix consists of (3) one-bedroom | one-bathroom apartments and (1) two-bedroom | one-bathroom apartment.
- 1606-1612 Northeast 2nd Court is a 4-unit, two, two-story multifamily buildings built in 1937 of concrete block and stucco, with flat and shingle roofs and central air conditioning units. The building contains 2,819 adjusted square feet, while the lot size is 7,650 square feet, according to the Broward County Property Appraiser. The unit mix consists of (2) one-bedroom | one-bathroom apartments and (2) one-bedroom | one-bathroom apartments + dens.
- 1605 East Broward Boulevard is a 6-unit, two-story multifamily property built in 1948 of concrete block and stucco, with a flat roof and wall air conditioning units. The building contains 3,546 adjusted square feet, while the lot size is 5,000 square feet, according to the Broward County Property Appraiser. The unit mix consists of (4) one-bedroom | one-bathroom apartments and (2) two-bedroom | one-bathroom apartments.
- 207 Southeast 10th Terrace is a 4-unit, single-story multifamily property built in 1958 of concrete block and stucco, with a flat roof and wall air conditioning units. The building contains 2,023 adjusted square feet, while the lot size is 7,137 square feet, according to the Broward County Property Appraiser. The unit mix consists of (4) studio apartments.
- 315 Southeast 11th Avenue is a 4-unit, single-story multifamily property built in 1946 of concrete block and stucco, with a flat roof and central, and wall air conditioning units. The building contains 2,279 adjusted square feet, while the lot size is 7,146 square feet, according to the Broward County Property Appraiser. The unit mix consists of (4) one-bedroom | one-bathroom apartments.
LOCATION
The Victoria Park & Las Olas Portfolio is located near Downtown Fort Lauderdale east of Federal Highway (US-1) with easy access to major thoroughfares including Broward Boulevard, Sunrise Boulevard and Interstate 95.
The surrounding area consists primarily of single-family homes, multifamily properties, various commercial properties, and a significant influx of new residential development. This section of Fort Lauderdale continues to experience consistent growth, with a 9.20% population increase since 2010 (Experian) and an average household income within a one-mile radius (of 1605 E Broward Blvd) of $147,928.
Fort Lauderdale is home to numerous attractions, such as the Museum of Discovery & Science, Broward Center for the Performing Arts, Galleria Mall, Riverwalk, Las Olas Boulevard and the NSU Art Museum. Surrounding area retailers and points of interest include Fresh Market, PNC Bank, Temple Street Eatery, Cycle Bar, Victoria Park Shoppes, Riverside Hotel/Downtown Fort Lauderdale, Flager Village, Progresso Village, Pet Supermarket, Publix Super Market and Fort Lauderdale Beach. Additional points of interest include Broward County Convention Center, Port Everglades, Fort Lauderdale/Hollywood International Airport and the Brightline Station Fort Lauderdale.
Nearby educational facilities include Virgina S. Young Elementary School, St Anthony’s Catholic School, Harbordale Elementary School, Fort Lauderdale High School and Sunrise Middle School.
