Hendricks Isle Waterfront Apartments & Docks

Lee & Associates presents The Hendricks Isle Apartments & Docks, a prime waterfront investment opportunity on Hendricks Isle near Las Olas Blvd and Downtown Fort Lauderdale CBD, and Las Olas Beach. This charming two-story, 6-unit multifamily property offers 3,212 square feet of gross building area on a 0.22 AC waterfront parcel with updated apartment interiors including stainless steel appliances, wood floors, and in-unit washers and dryers. The waterfront property also boasts 5 deep water dock slips allowing additional rental income for motorized boats and sailboats. With a market-focused rent strategy and a robust vacancy rate of only 5.4%, this desirable property is situated in the sought-after Hendricks and Venice Isles submarket within walking distance to shops and popular area dining and entertainment. It boasts a favorable parking ratio of 1.67 spaces per unit, supported by 10 surface parking spaces. This property features a solid investment profile with reinforced concrete construction and RMM-25 zoning, ideal for multifamily investors seeking opportunities in a high-demand area.