347 Birch Rd Fort Lauderdale, FL 33304
This exceptional 8-unit multifamily property in Fort Lauderdale, Florida, presents a rare investment opportunity. Located at 347 N Birch Road, this meticulously renovated complex boasts eight fully remodeled one-bedroom, one-bathroom units, each featuring new kitchens, bathrooms, AC systems, flooring, windows, doors, water heaters, and updated electrical. The property includes a new roof, new pavers, updated railings, fresh paint, and an on-site laundry room. The two-building complex features two units per floor, with potential for a beautiful courtyard. Its prime location offers unparalleled convenience, just one block from the ocean and the W Hotel, and within easy reach of Las Olas Boulevard (0.6 miles) and Fort Lauderdale-Hollywood International Airport (6.5 miles). This property is ideal for a 1031 exchange and presents excellent potential for short-term rentals. The seller is open to selling this property as part of a three-property portfolio. The asking price is $6,895,000. The lot size is not specified.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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