Executive Landings Apartments

GREAT LOCATION! 10 minutes from International Ft. Lauderdale Airport, 5 minutes to the beach and only 8 minutes to trendy Flagler Village and Las Olas Blvd downtown. The two properties are located at the corner of 4th Ave and 20th St. and are next to each other and the total sq. ft. of both buildings are 9,951 sq. ft. and sit on a total of 0.4944 acres or close to one half acre of ground. Location is made up of Residential, Multi-Family Units, and Residences in the Habordale neighborhood for quick access to the intracoastal and inlet. Waterfront Harbordale centers on the Greater Fort Lauderdale Convention Center, offering river views from its glass atrium. Cruise ships dock and yachts bob along the marina’s edge, which also hosts laid-back seafood eateries and the sprawling 15th Street Fisheries marina and restaurant. Low-rise apartment buildings cluster to the west, and small, leafy Cliff Lake Park surrounds a narrow pond visited by waterfowl.New to market Extensively Renovated Apartment Complex Completed in 2022 Producing $424k Gross on annual Leases, $ $297,935 NET @ 6.5% CAP Properly Underwritten on sale-price taxes, Expenses, Vacancy & Maintenance 14 large units with 26 bedrooms, 80 windows, Private yards, 23 Parking spots. 10,000sqft, 3 lots totaling Half an acre Impact Windows & Doors, Kitchens, Railings, Plumbing & Driveway Paving 2019 HVAC & Updated electric & New Roof with 20 year warranty 40 Year certification in 2019 4 Point Wind Inspection 2023 located in a Million-dollar home neighborhood, on 4th Avenue, very close to near Downtown Las Olas, International Airport & Shipyard, Marina Mile Yacht industry. High Demand area for Airline & Ship workers, Stewardesses, Traveling Nurses, Remote workers