Multi-Family Space For Lease @ 432 Se 20th St

Croissant Park Apartments is a 12 unit Multifamily opportunity in beautiful Fort Lauderdale, Florida. Well located and featuring convenient access to Downtown Fort Lauderdale, Fort Lauderdale Beach, and the Fort Lauderdale-Hollywood International Airport. This opportunity is positively impacted by the incredible rate of city wide transformation that is taking place as Fort Lauderdale becomes a world class city. Rents in Fort Lauderdale are in many cases higher than even Miami. Demand for multifamily units like this provide an incredibly high floor for residential income real estate.

This US1 corridor property features hurricane impact windows throughout, on-site laundry, central air conditioning, tile floors, well service for irrigation and much more. The unit mix includes multiple two bedroom units and the rest are nicely designed one bedroom units with concrete block walls separating the units. Croissant Park Apartments has seen multiple uses over the years including residential multifamily as it is now but also crew housing operations. The zoning allows for short term rentals in the area. Max density is 25 units per acre and a maximum building height of 55 feet or 5 stories. Parcel directly east with US1 frontage has allowances of 50 units per acre and 150 feet of vertical development.

The Croissant Park Apartments property has seen significant updating during the current ownership cycle including mostly all new granite kitchens and tile flooring. Most central air conditioning units have been replaced providing additional efficiencies for tenants. The units are very clean and a better system of advertisement of vacant units will more than achieve our market rent estimations. This space offers accomodations for: lowrisegarden.