Ocean Wave Apartments | 2100 Miami Rd
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Ocean Wave Apartments 2100 Miami Rd
12 Unit Apartment Building $10,795,000 ($899,583/Unit) 5.40% Cap Rate Fort Lauderdale, FL 33316
Investment Highlights
- This property presents a secure investment option in high-quality, modern construction.
- 6,000-square-foot rooftop deck is fully equipped with a kitchen and panoramic views, perfect for events and weddings.
- With pricing recently reduced, seize the opportunity to invest in South Florida's thriving landscape and grow a portfolio of luxurious properties.
- Prime investment opportunity with remarkable flexibility, Option to convert each unit into a high-end condominium.
- Within walking distance of Port Everglades, the 17th Street Causeway shops, and mere minutes to the beach, convention center, and airport.
- Hospitality licensed and insured as of March 2024, the property is ideal for short-term or long-term vacation rentals, corporate housing, or events.
Executive Summary
Welcome to Ocean Wave Apartments, an extraordinary investment opportunity located at 2100 Miami Road. This brand-new property, completed in 2024, features
12 elegant modern three-bedroom and three-bathroom apartments, within a spacious four-story building designed with a keen focus on maximizing living space. Each apartment boasts high ceilings and high-end finishes, offering residents comfort and style.
The prime location of Ocean Wave Apartments sets it apart as an exceptional investment. In this high-demand area, Nestled in the heart of Fort Lauderdale, the property is with Port Everglades just around the corner, just minutes away from Fort Lauderdale-Hollywood International Airport, the Fort Lauderdale Convention Center, the beach, and the iconic Las Olas Blvd. Residents will enjoy easy access to a diverse array of restaurants, shops, and entertainment venues along the vibrant 17th Street Causeway.
Residents will also enjoy state-of-the-art amenities, including a fully equipped fitness center for an active lifestyle. The rooftop features panoramic views with comfortable seating areas, and an outdoor kitchen with a BBQ station, perfect for relaxation and entertaining.
In addition to the residential offerings, Ocean Wave Apartments includes 1000 sqft of commercial space available for lease, ideal for a café or office. This provides an exciting opportunity to create a vibrant community hub, adding value for both residents and visitors.
This property presents a secure investment option in high-quality, modern construction.
Prime investment opportunity with remarkable flexibility.
Option to convert each unit into a high-end condominium.
Alternatively, the property can be maintained as a short-term rental asset, enabling investors to capitalize on high occupancy rates and maximize returns.
12 elegant modern three-bedroom and three-bathroom apartments, within a spacious four-story building designed with a keen focus on maximizing living space. Each apartment boasts high ceilings and high-end finishes, offering residents comfort and style.
The prime location of Ocean Wave Apartments sets it apart as an exceptional investment. In this high-demand area, Nestled in the heart of Fort Lauderdale, the property is with Port Everglades just around the corner, just minutes away from Fort Lauderdale-Hollywood International Airport, the Fort Lauderdale Convention Center, the beach, and the iconic Las Olas Blvd. Residents will enjoy easy access to a diverse array of restaurants, shops, and entertainment venues along the vibrant 17th Street Causeway.
Residents will also enjoy state-of-the-art amenities, including a fully equipped fitness center for an active lifestyle. The rooftop features panoramic views with comfortable seating areas, and an outdoor kitchen with a BBQ station, perfect for relaxation and entertaining.
In addition to the residential offerings, Ocean Wave Apartments includes 1000 sqft of commercial space available for lease, ideal for a café or office. This provides an exciting opportunity to create a vibrant community hub, adding value for both residents and visitors.
This property presents a secure investment option in high-quality, modern construction.
Prime investment opportunity with remarkable flexibility.
Option to convert each unit into a high-end condominium.
Alternatively, the property can be maintained as a short-term rental asset, enabling investors to capitalize on high occupancy rates and maximize returns.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $10,795,000 | Building Class | A |
| Price Per Unit | $899,583 | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 36,900 SF |
| Cap Rate | 5.40% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Apartment Style | Mid Rise |
| Price | $10,795,000 |
| Price Per Unit | $899,583 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | A |
| Lot Size | 0.49 AC |
| Building Size | 36,900 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 0.84/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Heating
- Tile Floors
- Double Vanities
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Wi-Fi
- Dining Room
- Freezer
- Island Kitchen
- Skylights
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fenced Lot
- Fitness Center
- Security System
- Spa
- Corporate Suites
- Cabana
- Furnished Units Available
- Gameroom
- Grill
- Wheelchair Accessible
- Recycling
- Smoke Free
- Wi-Fi
- Bicycle Storage
- Community-Wide WiFi
- Conference Rooms
- Elevator
- Lounge
- Multi Use Room
- Sundeck
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 50-42-14-03-4060 | Total Assessment | $373,960 |
| Land Assessment | $309,070 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
50-42-14-03-4060
Land Assessment
$309,070
Improvements Assessment
$0
Total Assessment
$373,960
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2025
zoning
| Zoning Code | RMM-25 (Residential Multifamily) |
| RMM-25 (Residential Multifamily) |
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Ocean Wave Apartments | 2100 Miami Rd
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