Multifamily in Fort Lauderdale, FL 33304

Beach Way Heights, 1311 Bayview Dr

This Investment Property has it all! It is Currently being used as 5 One bedroom, 1 bath units! One Unit is much Larger with a Living/Dining Area! There is Plenty of Parking too! The Best Location In Coral Ridge! Close to the Galleria, Beaches, Shopping & Entertainment! Plus, it has the potential for future Development! It is currently Zoned for 6 Townhouses (RMM-25)(Residential Multi-Family Mid Rise). Add to these Attributes that this Property has been thoughtfully updated to enhance the rental value of the units! These updates will not only increase their monthly rental value but, a conversion to a short term rental set up as an Airbnb or VRBO would increase your returns greatly! A portfolio sale that can be bought in conjunction with properties located at 2510-2522 NE 11th CT #F10208767 The improvements to this property over the last 12 months included a $10,000 Elastomeric Complete Roof Coating, All the Bathrooms have been Updated & the Kitchens have been updated with all New Appliances! There are Terrazzo Floors Throughout! The Rental Value of these Units has been further increased by the addition of New Lockable Storage Spaces for each Unit! There is also an Income Producing On-site Laundry Facility for the use of the Tenants! For the Tenants enjoyment these is a New Gazebo with Seating for 8, just another enhancement for Value Added Income! Combine all of these New Improvements, Structural Changes and Upgrades with New Landscaping and a New Privacy Fence that have Just Been Completed and this is a One of A Kind Investment Opportunity that is not only an Income Producing Investment in the Short Run but, the Potential of a Windfall Return on Investment in the Long Run