Multi-Family

Cordova Arms

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Property Snapshot

Address
1401 SE 15th Street
Fort Lauderdale, FL 33316
Purchase Price
$19,500,000.00
Number of Units
58
Projected IRR
17.62%

The property is located on the south side of SE 15th St in the Lauderdale Harbors area of Fort Lauderdale offering 1 to 2 bedroom apartments. The surrounding area boasts multi-family buildings of similar age and construction. Due to the premium location, there are many luxurious homes within the neighborhood.

Cordova Arms apartments is conveniently located west of A1A, north of SE 17th St, and directly east of Federal Hwy. Within minutes of driving, you can access the world-famous Fort Lauderdale Beach, renowned Las Olas Blvd and the shops and restaurants of the Galleria Mall. Additionally, Cordova Arms is just south from one of the most up and coming, well-known neighborhoods in Broward County known as Victoria Park.

The investment opportunity consists of a highly attractive unit mix of (48) one-bedroom & one-bathroom, (10) two-bedroom & one bathroom all with private balconies, and (5) oversized boat slips totaling approximately 90 lineal feet in length.