1040 NE 10th Avenue

Posted: 2/7/2020
5 Units
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About 1040 NE 10th Avenue

Cushman & Wakefield, as exclusive marketing advisor, is pleased to present 1040 NE 10th Avenue, 5-units located just north of downtown Ft Lauderdale. The properties have shown strong historical occupancies with below market rents. There is significant rental upside by either increasing the rents on the units – 5 out of 5 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 building was built in 1963. The property has 6 parking spaces. The units average 589 square feet with 4 one-bedrooms and 1 two-bedroom. The properties are only minutes from Downtown Ft Lauderdale, Flagler Village, Galleria Mall and the beaches.