Each unit is fully furnished with bedroom, kitchen, living and dining room furnishings, televisions and linens suitable for short-term rental operations. Other amenities include on-site laundry facilities and outdoor lounge areas.
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the $6 million sale of 21 Apartments, a boutique rental community in Fort Lauderdale, Florida.
“21 Apartments is a unique property that could be operated as long- or short-term rentals,” said Evan Kristol, executive managing director investments in Marcus & Millichap’s Fort Lauderdale office. “The property is fully gated with covered parking and a large pool area with sundeck. Additionally, all units were renovated. It is situated in a quiet residential neighborhood, just one block from the beach.”
Kristol, along with Marcus & Millichap’s Felipe Echarte, Brandon Rex and Austin Michels represented the seller and procured the buyer, both private investors.
Built in 1953 and renovated over the years, 21 Apartments is located at 2100 NE 33rd Avenue. The two-story property comprises a mix of studios, one-bedroom and two-bedroom apartments.
The property includes an on-site management office and is near Hugh Taylor Birch State Park, Galleria Fort Lauderdale, and an array of dining, entertainment and retail options.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
