Los Arcos Apartments | 1545 Miami Rd
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Los Arcos Apartments 1545 Miami Rd
18 Unit Block of Flats £4,143,073 (£230,171/Unit) Fort Lauderdale, FL 33316
Investment Highlights
- Great location east of Federal Highway in Harbordale
- Minutes from the beach, convention center, airport, Las Olas, Broward Medical Center, and downtown
- Security gates and privacy walls create an oasis for the residents
- 2 Blocks from SE 17th Street Causeway shopping and dining
- Great mix of unit sizes with a 3 bedroom, 2 bathroom townhouse
- Terrific upside potential from below market rents of long term owner
Executive Summary
Ideal east of Federal Highway location in SE Fort Lauderdale’s Harbordale area! This annual apartment building features a spacious 3 bedroom, 2 bathroom townhome with separate access to gated parking and private courtyard. Main access gates open to beautiful courtyard and pool.
Nice mix of 1 & 2 bedroom units with several offering privacy walled patios. Annual residents appreciate the central air conditioning and swimming pool. This well maintained property completed the Building Safety Inspection in July 2024. The long term owner has kept rents below market, so these month to month rentals have very strong upside potential. Fantastic convenience to the beach, airport, convention center, port, Broward Medical Center, and Las Olas. Also within walking distance to Whole Foods and SE 17th St Causeway abundant shopping & dining. Please drive by only and call for an appointment.
Nice mix of 1 & 2 bedroom units with several offering privacy walled patios. Annual residents appreciate the central air conditioning and swimming pool. This well maintained property completed the Building Safety Inspection in July 2024. The long term owner has kept rents below market, so these month to month rentals have very strong upside potential. Fantastic convenience to the beach, airport, convention center, port, Broward Medical Center, and Las Olas. Also within walking distance to Whole Foods and SE 17th St Causeway abundant shopping & dining. Please drive by only and call for an appointment.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £4,143,073 | Building Class | C |
| Price Per Unit | £230,171 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 13,821 SF |
| No. Units | 18 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Apartment Style | Low Rise |
| Price | £4,143,073 |
| Price Per Unit | £230,171 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 13,821 SF |
| Number of Floors | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.52/1,000 SF |
Unit Amenities
- Refrigerator
- Oven
- Range
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Pool
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 4 | - | - |
| 3+2 | 1 | - | - |
| Studios | 1 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 50-42-14-03-1880 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,694,216 |
PROPERTY TAXES
Parcel Number
50-42-14-03-1880
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,694,216
zoning
| Zoning Code | RMM-25 (Mid-rise multifamily residences and tourist accommodations.) |
| RMM-25 (Mid-rise multifamily residences and tourist accommodations.) |
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Los Arcos Apartments | 1545 Miami Rd
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