320 Hendricks Isle Fort Lauderdale, FL 33301

This exceptional value-add investment opportunity presents two, two-story apartment buildings totaling 7,702 square feet situated on a 0.28-acre lot (100ft x 125ft) in desirable Fort Lauderdale, Florida (33301). The property, encompassing addresses 320 and 322 Hendricks Isle, boasts six units currently operating as Airbnbs, offering immediate income potential. With RMM-25 zoning, the property presents significant upside potential. The buildings, constructed in 1970 and 1976, offer ten parking spaces and a remarkable amenity: six boat slips, providing unparalleled access to the waterways. The property's prime location offers direct access to both downtown Fort Lauderdale and Las Olas Beach. The asking price is $4,400,000, representing a price per square foot of $571.28 and a price per unit of $733,333.33. The current Net Operating Income (NOI) stands at $185,476, yielding a 4.22% cap rate. This is a rare opportunity to acquire a multifamily property with significant upside in a highly sought-after location. The property is ground lease free and includes APNs 50-42-02-19-0780 and 504202190760.