Fort Lauderdale Multifamily Investment
For Sale
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720 Harris Terrace, Fort Lauderdale, FL 33311
Remodeled 8-unit multifamily property with redevelopment potential.
Property Size11,000 SF
Price / SF$113.64
Days on Market879
Property Features for 720 Harris Terrace
General Information
Standard status
Active
Size
11,000 SF
Total Parking Spaces
11
Property subtype
Multifamily
Building Details
Year Built
1965
Stories
1
Units
8
Listing Agency:
305 International Realty, LLC.
Listed By:
Andres Yilo · License #3451303
Source:
Crexi
Added: May 29, 2024
Changed: Oct 6
Last Checked: Oct 24 at 1:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 305 International Realty, LLC.
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Investment Insights
Based on property information with market context.
This multifamily property features 8 units, including 7 studios and 1 two-bedroom, one-bathroom apartment. The studios rent for between $1250 and $1400, while the two-bedroom unit rents for $1900. In 2023, the property underwent a complete gut remodel with permits, including new electrical systems, air conditioning units, a parking lot, a motorized gate, and light fixtures. The entire roof was replaced approximately two weeks ago. The property is situated on a large lot of approximately 11,000 square feet, potentially making it suitable for future redevelopment. It is located in an area experiencing upcoming growth due to Sistrunk Avenue redevelopments.
Key Highlights
- Gut remodeled in 2023 with permits, including new electric, A/Cs, parking lot, motorized gate, and light fixtures.
- New roof installed approximately two weeks ago.
- Multifamily property with 8 units (7 studios and 1 two‑bedroom).
Property Analytics
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Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
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Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled 8-unit multifamily property with redevelopment potential.
Where is this apartment building located?
The property is located at 720 Harris Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Gut remodeled in 2023 with permits, including new electric, A/Cs, parking lot, motorized gate, and light fixtures.; New roof installed approximately two weeks ago.; Multifamily property with 8 units (7 studios and 1 two‑bedroom).
