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

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Multifamily Property is no longer advertised on LoopNet.com.

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

No. Units 290
Property Type Multifamily
Property Subtype Apartment
Apartment Style High Rise
Building Class A
Lot Size 1.48 AC
Building Size 786,020 SF
Average Occupancy 100%
No. Stories 24
Year Built/Renovated 2010/2017
Parking Ratio 1.54/1,000 SF
APN / Parcel ID
50-42-01-05-0010
  • 50-42-01-FB-0010
  • 50-42-01-FC-0010
  • 50-42-01-FD-0010

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
  • Listing ID: 11022105

  • Date on Market: 12/19/2017

  • Last Updated:

  • Address: 551 N Fort Lauderdale Beach Blvd, Fort Lauderdale, FL 33304

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}