Do you have an investor look to put cash in south Florida marketplace? 1031 exchange ?
637 Art Lofts offers a 4.5-6 % cap https://www.loopnet.com/Listing/637-NE-4th-Ave-Fort-Lauderdale-FL/22596249/
Awesome 9 unit multifamily with no restrictions. Perfect short term rental product as its located in the downtown core of Fort Lauderdale. Other short term products are at maximum capacity. Vacancy will be a non issue!Here is a very safe new construction development inside one the most emerging markets in the entire country, second to Wynwood Miami.
New construction not only offers low interest rates, but an opportunity to have very limited maintenance requirements in years to come.This product is surrounded by class A buildings giving the investor an opportunity to buy into an area with limited access to the non institutional investor.Walking distance to restaurants, art walks and new retail.
The area is growing very very fast. Don’t’ take my word for it, check out this video: https://www.youtube.com/watch?v=Eu_a9D7_Sic&t=3s