About
About La Siesta
Cushman & Wakefield, as exclusive marketing advisor, is pleased to present La Siesta, a 16-unit property located at 1409-1413 N Dixie Hwy just north of downtown Ft Lauderdale. The property has shown strong historical occupancies with below market rents. There is significant rental upside by either increasing the rents on the units 4 out of 16 units are on month-to-month leases with low rents or by implementing a value-add program and improving the property while pushing rents even further. Renovated multifamily properties in the immediate area are renting upwards of $1,400 for a one bedroom unit. The property was built in 1972 and has its 40 year certification. The property includes a swimming pool and 20 parking spaces. The units average 592 square feet all one bedrooms. The property is only minutes from Downtown Ft Lauderdale, Flagler Village, Galleria Mall and the beaches. Across the street to the south, units in The Park at Middle River Terrace are selling at over $500,000 per unit.
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