1916 SW 11th St

• Palm Lakes apartments is a 24-units two floor complex located in Riverside Park submarket in Fort Lauderdale South Florida within Broward County.
• A well-maintained property with a great unit mix to offer all tenants. Palm Lakes is situated on .60 of an acre.
• Spacious Units
• 2/2’s – approximately 950-1000 sqft
• 2/1’s – approximately 800 sqft
• 1/1’s – approximately 700 sqft
• Excellent Unit Mix
• Four 2 Bedroom and 2 Bath
• Four – 2 Bedroom and 1 Bath
• Sixteen- 1 Bedroom and 1 Bath

Property Description

Rare opportunity to acquire an extremely well-maintained & located 24-unit apartment building located within close proximity to Las Olas, downtown Ft. Lauderdale. Easy access to I-95, Turnpike, Broward Blvd, and US-1, Davie Blvd, Fort Lauderdale Airport. Attractive unit mix (Four 2 Bedrooms and 2 Bath). (Four - 2 Bedrooms and 1 Bath). (Sixteen- 1 Bedroom and 1 Bath). With 16% upside potential in rents. Currently 100% occupied. Capital improvements include 16-units interiors that have been upgraded from new bathrooms, kitchens, stainless steel appliances, tile, or some have laminate wood look flooring, and more, on the exterior it has been freshly painted, updated landscaping & more. The property has undergone significant capital improvements within the last two years. Amenities include a laundry room, lush tropical landscaping, reserved parking for tenants, and all units have center air conditioning.