Park Lane Apartments
Park Lane Apartments is a seven-unit multifamily investment in Fort Lauderdale, Florida, offered at $1,540,000 at a 5.26% cap ($80,964 NOI). The property comprises a triplex and fourplex that can be purchased together or separately, with six one-bedroom units and one two-bedroom unit, each featuring mini-split air conditioning, tile flooring, and electric appliances.
Built in 1963 on a 12,189 SF lot, the 4,637 SF single-story complex consists of two buildings and is currently 100% occupied. The fee simple ownership and potential for 30-year financing make this an accessible entry point for multifamily investors. On-site laundry facilities serve all residents.
Located on Park Lane next to Croissant Park Elementary School, the property sits within walking distance of Broward Health Medical Center and offers convenient access to Downtown Fort Lauderdale, Fort Lauderdale–Hollywood International Airport, Port Everglades, US-1, and Interstate 95. The RM-15 zoning supports the rental market in this growing Fort Lauderdale corridor.
- Seven units (six one-bedroom, one two-bedroom) at 100% occupancy
- Triplex and fourplex structure; can be purchased separately
- 5.26% cap rate with $80,964 NOI
- Fee simple ownership; 30-year financing eligible
- Walking distance to Broward Health Medical Center and schools
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Location
Park Lane Apartments is a seven-unit multifamily investment opportunity in Fort Lauderdale, Florida, consisting of a triplex and a fourplex that can be purchased together or individually. The property offers a unit mix of six one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment, with each unit featuring mini-split air conditioning, tile flooring, and electric appliances. Residents also have access to on-site laundry facilities located in the 1827 building. Ideally situated next to Croissant Park Elementary School and within walking distance of Broward Health Medical Center, the property provides convenient access to Downtown Fort Lauderdale, Fort Lauderdale–Hollywood International Airport, Port Everglades, US-1, and Interstate 95. With the potential to secure 30-year financing and its strategic location in a growing rental market, Park Lane Apartments presents an attractive opportunity for both new and experienced multifamily investors.