Marcus & Millichap Sells 13-Unit Apartment Building in Downtown Fort Lauderdale, FL for $1.45 Million

Fleur De Lis Apartments, 1501 and 1505 SE 2nd Court

Fort Lauderdale, FL

  

FORT LAUDERDALE, FL, June 25, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Fleur De Lis Apartments, a 13-unit apartment property located in downtown Fort Lauderdale, FL. The asset commanded a sales price of $1,450,000 representing $111,538 per unit.

Joseph P. Thomas

Joseph P. Thomas, an Associate Vice President Investments in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor from Fort Lauderdale.  The buyer, a private investor from Miami Beach, was also secured and represented by Joseph P. Thomas. 

The Fleur De Lis is a 13-unit multifamily property that consists of one studio, nine one-bedroom apartments and three two-bedroom apartments. The property is situated south of Broward Boulevard, just one block north of the shopping, dining and entertainment of Las Olas Boulevard.

Fleur De Lis Apartments is located at 1501 and 1505 SE 2nd Court in Ft. Lauderdale.

For a complete copy of the company’s news release, please contact:

Gregory Matus

 Regional Manager 

Vice President,

 Fort Lauderdale, FL

 (954) 245-3400