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33520780
33520772

2625 NE 13TH CT, FORT LAUDERDALE, FL 33304

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$2,300,000
2 days on market
Updated 2 days ago

Casa Sul Mare

Details
APN 494236070400
Property Type Multifamily, Hospitality
Sub Type Apartment Building, Motel
Square Footage 3,806
Net Rentable (SqFt) 3,806
Units 9
Cap Rate 4.07%
NOI $93,716
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 7.71%
Pro-Forma NOI $177,344
Price per SqFt $604
Class B
Year Built 1959
Buildings 1
Stories 2
Lot Size (SqFt) 13,650
Parking Spaces spaces
Investment Type Value Add
Sale Condition N/A

9 Multifamily Units Minutes From Galleria Mall and Fort Lauderdale Beach

Marketing description

Marcus & Millichap is pleased to present Casa Sul Mare, a nine-unit multifamily property located at 2625 NE 13th Court in Fort Lauderdale, Florida. Built in 1958, the property totals 3,806 gross square feet and is situated on a 0.31-acre lot in one of Fort Lauderdale’s most desirable coastal neighborhoods. The unit mix consists of 5 studio units, 1 one-bedroom/one-bathroom unit, 1 two-bedroom/one-bathroom unit, and 2 two-bedroom/two-bathroom units, offering a diverse layout appealing to both seasonal and long-term renters. The property features hurricane impact windows and doors throughout, and a new barrel tile roof is scheduled for completion prior to closing, significantly reducing near-term capital expenditure requirements for a future owner.

Casa Sul Mare is currently operated as annual rentals; however, given its location near Fort Lauderdale Beach and surrounding hospitality demand, a future owner may determine that short-term rentals represent a higher and better use of the asset. Additionally, the oversized 0.31-acre parcel in an infill coastal location presents potential long-term value as a redevelopment or covered land play, subject to zoning and entitlement considerations.

The property is located just minutes from Fort Lauderdale Beach, Birch State Park, Galleria Mall, and Las Olas Boulevard, placing residents near some of Broward County’s strongest tourism, dining, and employment drivers. The surrounding area continues to benefit from luxury residential development, hospitality investment, and sustained demand for coastal housing.

Casa Sul Mare presents a rare opportunity to acquire a well-located boutique asset with multiple exit strategies, including continued multifamily operations, short-term rental repositioning, or future redevelopment potential in a high-barrier-to-entry submarket.

Investment highlights

  • Hurricane Impact Windows And Doors Throughout
  • New Barrel Tile Roof To Be Installed Prior To Closing
  • Minutes From Fort Lauderdale Beach, Las Olas, And Major Tourism Drivers
  • Multiple Potential Exit Strategies Including Hold, STR Conversion, Or Redevelopment
  • Diverse Unit Mix Including Studios, 1/1’s, 2/1’s, And 2/2’s

Listing Contacts

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,716.00
$7,809.67/mo

Valuation Metrics

0
DSCR
4.07%
Cap Rate
4.07%
ROI

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Additional Information

Name
Evan Richardson
License
FL SL3134745
Name
Cory Sanchez
License
SL-3605832
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
5900 North Andrews Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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