Anchor Bay Apartments | 2025 Miami Rd
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Anchor Bay Apartments 2025 Miami Rd
33 Unit Apartment Building $8,100,000 ($245,455/Unit) Fort Lauderdale, FL 33316
INVESTMENT HIGHLIGHTS
- Favorable Assumable Debt
- Excellent Ft Lauderdale Location
- Strong Rental Upside in a Well Maintained Asset
EXECUTIVE SUMMARY
The property is offered with favorable Freddie Mac assumable debt of $3.6 million with a 3.47% interest rate and six years left to maturity.
Anchor Bay is located in the Harbordale are of Ft Lauderdale, one of the best submarkets in Broward County. Ideally located just off US1, Anchor Bay is less than a 10 minute drive from Downtown Ft Lauderdale, Ft Lauderdale International Airport, the Ft Lauderdale Convention Center and the Beaches. The property is walking distance to Whole Foods, LA Fitness and an abundant of retail and restaurants along the 17 Street Causeway. The property features a desirable unit mix of studios, 1BR, 2BR and 3BR units. Currently, the property is 100% occupied with $1,874 rents, which are significantly below market rates.
Anchor Bay is located in the Harbordale are of Ft Lauderdale, one of the best submarkets in Broward County. Ideally located just off US1, Anchor Bay is less than a 10 minute drive from Downtown Ft Lauderdale, Ft Lauderdale International Airport, the Ft Lauderdale Convention Center and the Beaches. The property is walking distance to Whole Foods, LA Fitness and an abundant of retail and restaurants along the 17 Street Causeway. The property features a desirable unit mix of studios, 1BR, 2BR and 3BR units. Currently, the property is 100% occupied with $1,874 rents, which are significantly below market rates.
PROPERTY FACTS
| Price | $8,100,000 | Building Class | C |
| Price Per Unit | $245,455 | Lot Size | 1.20 AC |
| Sale Type | Investment | Building Size | 24,507 SF |
| No. Units | 33 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Garden | Parking Ratio | 1.55/1,000 SF |
| Price | $8,100,000 |
| Price Per Unit | $245,455 |
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 24,507 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 1.55/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Tile Floors
- Stainless Steel Appliances
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Security System
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Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,871,860 | |
| Land Assessment | $445,820 | Total Assessment | $5,873,120 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$445,820
Improvements Assessment
$4,871,860
Total Assessment
$5,873,120
ZONING
| Zoning Code | RM-25 |
| RM-25 |
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Anchor Bay Apartments | 2025 Miami Rd
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