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999 NE 23rd Drive

Posted: 2/4/2020
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About

About 999 NE 23rd Drive

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present 999 NE 23rd Drive, a 12-unit property located in the heart of Wilton Manors. The property has shown strong historical occupancies with below market rents. There is significant rental upside by either increasing the rents on the units 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 has 17 parking spaces. The units average 614 square feet with 10 one-bedrooms and 2 two-bedrooms. The property is only minutes from Downtown Ft Lauderdale, Flagler Village, Galleria Mall and the beaches.