East Broward Multifamily Portfolio

For Sale

432 SE 20th St, Fort Lauderdale, FL 33316

This Fort Lauderdale property for sale is located at 432 SE 20th St. The current listed sale price for East Broward Multifamily Portfolio is $10,750,000. East Broward Multifamily Portfolio is situated on a lot that is 2.17 acre in size.

Contacts

broker

Steven Paulsen

Open Market CRE

(954) 859-5003

Property Details

  • Property Type Multi-Family
  • Property Size 36,799 SF
  • Units 55
  • Lot Size 2.17 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1974
  • Year Renovated 2024
  • Date Updated Apr 11, 2024
Fort Lauderdale, situated in Broward County, Florida, is strategically positioned between Miami to the south and West Palm Beach to the north. It has rapidly emerged as a highly sought-after destination for relocation, characterized by the burgeoning construction of top-tier class A multifamily properties that adorn its downtown skyline. Often referred to as the "Venice of America" due to its intricate canal network, Fort Lauderdale thrives as a dynamic urban center with a rich array of economic drivers and an abundance of local amenities. Key industries such as tourism, maritime, aviation/aerospace, and technology contribute significantly to the city's economic vitality. Notably, Fort Lauderdale boasts an impressive roster of corporate headquarters, including but not limited to AutoNation, Citrix, Spirit Airlines, Chewy, JM Family Enterprises, and Sasser Family Holdings. These companies serve as major pillars of the local economy, contributing to its robust growth trajectory. Additionally, the bustling Port Everglades, a major economic force in the region, generates an astounding $33 billion in annual economic activity. Conveniently located just minutes away, Croissant Park Apartments stand to benefit from this dominant economic hub. Alternatively, Deerfield Beach, Florida, lies in the northern part of Broward County, nestled between Miami and Fort Lauderdale to the south, Boca Raton and West Palm Beach to the north. This tranquil city has rapidly gained popularity as a prime relocation destination, thanks to its serene low key Parrothead lifestyle. Locally known as "the locals' beach," Deerfield Beach boasts easy access to pristine sands and a highly walkable tourist district adorned with remarkable waterfront dining options and expansive vacation resorts. Distinguished by its relaxed and family-friendly atmosphere, Deerfield Beach offers a refreshing alternative to the bustling tourist hubs of Fort Lauderdale and Miami. Situated in the northeastern corner of Broward County, Deerfield Beach is conveniently connected to Boca Raton, making it easily accessible. The city boasts extensive corporate parks and a diverse range of economic drivers, including but not limited to tourism, hospitality, retail, commerce, manufacturing, industrial activities, healthcare, professional services, and the thriving marine industry, among others.

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Highlights

  • Value Add Multifamily Opportunity East Broward County
  • Hurricane Impact Windows - Renovated Kitchens and Flooring
  • Security Cameras Installed Through Out Portfolio
  • Vista Court Flats - 25 Units
  • LAC Local Activity Center Pioneer Grove Zoning
  • Unit Mix | 1/1 (17), 2/1.5 (8)
  • Croissant Park Apartments - 12 Units
  • RMM-25 Residential Multifamily Midrise/Medium High-Density Zoning
  • Unit Mix | 1/1 (10), 2/1 (2)
  • Riverside Flats - 18 Units
  • Newly Painted Exterior - PVC Fencing Being Installed
  • RD-15 Residential Single Family and Duplex/Medium Density
  • Unit Mix | 0/1 (2), 1/1 (15), 2/1 (1)

Getting around

  • 97/100

    Walk Score ®

  • 56/100

    Transit Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Fort Lauderdale, FL
  • Neighborhood Downtown Fort Lauderdale
  • Zip Code 33316
  • Market Fort Lauderdale

Points of Interest

  • River House

    0.42 miles

  • Fort Lauderdale

    0.52 miles

  • Esplanade Park

    0.66 miles

  • Fort Lauderdale

    2.02 miles

  • Fort Lauderdale Airport

    4.56 miles

  • Cypress Creek

    5.50 miles

  • Sheridan Street

    6.54 miles

  • Hollywood

    7.85 miles

  • Tesla Supercharger

    0.66 miles

  • 7-Eleven

    0.68 miles

  • Speedway

    0.81 miles

  • Chevron

    1.00 miles

  • Shell

    1.05 miles

  • Shell

    1.13 miles

  • BP

    1.33 miles

  • Shell

    1.38 miles

  • Hess

    1.42 miles

  • Sunoco

    1.42 miles

  • Publix

    1.17 miles

  • CVS

    1.60 miles

  • Galleria

    1.65 miles

  • East Parking Lot

    1.79 miles

  • Main Office Parking #2

    1.83 miles

  • South Side (E lot)

    1.85 miles

  • Main Office Parking Lot #1

    1.85 miles

  • Las Olas Intracoastal (E lot)

    1.86 miles

  • Northport Garage

    1.96 miles

  • Sebastian Lot

    2.02 miles

  • Fairfield Inn & Suites by Marriott Fort Lauderdale Downtown/Las Olas

    0.05 miles

  • The Dalmar, Fort Lauderdale, a Tribute Portfolio Hotel

    0.18 miles

  • Riverside Hotel

    0.26 miles

  • Hampton Inn Ft. Lauderdale/Downtown Las Olas Area

    0.41 miles

  • Courtyard Fort Lauderdale Downtown

    0.70 miles

  • Oasis Hotel

    1.04 miles

  • Mary's Crew House

    1.05 miles

  • Travelodge Ft. Lauderdale

    1.12 miles

  • crew today group

    1.38 miles

  • The Chocolate Hostel

    1.42 miles

  • The Fresh Market

    0.32 miles

  • Winn-Dixie

    0.62 miles

  • Pet Supermarket

    1.06 miles

  • Whole Foods

    1.51 miles

  • Ross

    1.53 miles

  • Winn-Dixie

    1.56 miles

  • Macy's

    1.67 miles

  • The Galleria at Fort Lauderdale

    1.79 miles

  • Publix

    1.80 miles

  • Publix

    1.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Steven Paulsen

Open Market CRE

(954) 859-5003