This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
551 N Fort Lauderdale Beach Blvd
Fort Lauderdale, FL 33304
Conrad Hilton Beach Residences · Multifamily Property For Sale · 290 Units
Executive Summary
Accelerated Portfolio Sales Program | Guaranteed Leaseback Program | 1031 Exchange Eligible | EB-5 Immigrant Investor Visa Qualified The Edgewater One International Realty accelerated residential portfolio sales program provides distinct advantages to portfolio buyers and EB-5 investors. •Accelerated Portfolio Sales Program – Residential residences offered with combinations of 2, 5, 10, up to 25 luxury residential units. Portfolio buyer obtains great efficiency in the sales process where all properties are put under contract and closed individually and simultaneously on a non-contingent basis in 10 days, as compared to an unpredictable lengthy conventional sales process. Portfolio buyer can analyze pricing on an asset-by-asset basis as compared to target pricing for the portfolio. •Guaranteed Leaseback Program – Developer will guarantee from 1 to 3 years of rental income from the time of closing at 9% of purchase value on selected residences on an individual asset-by-asset basis. A guaranteed leaseback allows portfolio buyer to maximize return of the portfolio. •1031 Exchange Eligible – A 1031 exchange enables portfolio buyer to defer capital gains tax and depreciation recapture by reinvesting the proceeds from the sale of investment property into replacement property. In addition, a 1031 exchange lets portfolio buyer purchase a leveraged replacement property. This increases portfolio buyer’s basis by the amount of additional debt portfolio buyer assumes and allows for additional depreciation pass-through. This can shelter as much as 50% to 60% of the rental-income cash flow from income taxes. On an after-tax basis, the rate of return (ROR) for a 1031 exchange into securitized real estate is comparable to the ROR on investments with significantly more risk. With the possibility of additional return from appreciation of the property. We highly recommend that portfolio buyer consults a professional tax advisor to ensure that it meets every requirement of Internal Revenue Code Section 1031. •EB-5 Immigrant Investor Visa Qualified – The window of opportunity for our Conrad Fort Lauderdale Beach Investment Project is closing fast. With the Conrad Hotel now in operation, and several EB-5 investors already committed, we only have a few spots left to fill for this popular project in the Fort Lauderdale Beach area. If you know anyone that has been considering becoming a permanent U.S. resident, there’s no better time to start the process, and no better opportunity to come on board than as an investor in the Conrad Fort Lauderdale Beach EB-5 Fund. The U.S. Immigrant Investor Program – known as EB-5 – is one of the most efficient ways for people from around the world to obtain a green card and live in the United States of America. After the successful completion of the program, investors and their family members are given a conditional resident status in the United States, which can be converted into a permanent residency with a path to citizenship. The EB-5 basic requirements are an investment of $500,000 and proof of legal source of said investment via the I-526 Petition.
PROPERTY FACTS
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 290 | - | - |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Security System
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Wi-Fi
- Breakfast Nook
- Coffee System
- Deck
- Freezer
- Instant Hot Water
- Pantry
- Patio
- Porch
- Smoke Free
- Wet Bar
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Courtyard
- Fitness Center
- Property Manager on Site
- Sauna
- Security System
- Spa
- Waterfront
- Video Patrol
- Cabana
- Disposal Chutes
- Doorman
- Dry Cleaning Service
- Furnished Units Available
- Laundry Service
- Maid Service
- On-Site Retail
- Package Service
- Planned Social Activities
- Shuttle to Train
- Recycling
- Smoke Free
- Walking/Biking Trails
- Wi-Fi
- Storage Space
- Car Charging Station
- Community-Wide WiFi
- Conference Rooms
- Elevator
- Grocery Service
- Hearing Impaired Accessible
- Lounge
- Maintenance on site
- Multi Use Room
- On-Site ATM
- Online Services
- Sundeck
- Vision Impaired Accessible
- Public Transportation
zoning
Zoning Code | ABA |
ABA |
Learn More About Investing in Apartment Buildings
Listing ID: 11022105
Date on Market: 12/19/2017
Last Updated:
Address: 551 N Fort Lauderdale Beach Blvd, Fort Lauderdale, FL 33304
The Downtown Fort Lauderdale Multifamily Property at 551 N Fort Lauderdale Beach Blvd, Fort Lauderdale, FL 33304 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS
- Victoria Park Apartment Buildings
- Middle River Terrace Apartment Buildings
- Hollywood Beach-Quadoman Apartment Buildings
- Royal Poinciana Apartment Buildings
- North Central Hollywood Apartment Buildings
- Harbordale Apartment Buildings
- Progresso Village Apartment Buildings
- South Middle River Apartment Buildings
- Poinsettia Heights Apartment Buildings
- Lauderdale Beach Apartment Buildings
- Parkside Apartment Buildings
- North Beach Apartment Buildings
- Dania Beach/Fort Lauderdale Apartment Buildings
- Riverside Park Apartment Buildings
- Durrs Apartment Buildings
Nearby Listings
- 1210 NW 2nd St, Fort Lauderdale FL
- 831 NW 1st Ave, Fort Lauderdale FL
- 2901 Middle River Dr, Fort Lauderdale FL
- 50 SE 12th St, Fort Lauderdale FL
- 700 SW 15th Ave, Fort Lauderdale FL
- 827 SW 15th Ave, Fort Lauderdale FL
- 2200 N Ocean Blvd, Fort Lauderdale FL
- 1241 NE 16th Ter, Fort Lauderdale FL
- 4213 El Mar Dr, Fort Lauderdale FL
- 1521 SE 2nd Ct, Fort Lauderdale FL
- 1619 NW 6th Pl, Fort Lauderdale FL
- 633 NW 15th Ter, Fort Lauderdale FL
- 2731 NE 1st Ter, Wilton Manors FL