Lauderhill, Florida, offers a diverse range of investment opportunities in Multi-Family Properties, making it an attractive option for those looking to expand their portfolio. With a mix of established neighborhoods and growing communities, Lauderhill presents a unique blend of stability and potential for growth. Multi-Family Properties in Lauderhill can represent a variety of investment types, from apartment complexes to condominiums, each offering distinct benefits and returns. The city's infrastructure, including the Inverrary Country Club and Central Broward Park, provides residents with access to amenities and services that enhance their quality of life. Lauderhill's location, with its proximity to major roads like University Drive and Oakland Park Boulevard, makes it an ideal spot for commuters and travelers alike. Additionally, the city's diverse population, with a strong presence of Jamaican, West Indian, and African American communities, contributes to a rich cultural landscape.
Currently, there are 1 Multi-Family Properties available for sale in Lauderhill, offering a range of options for investors. The average price per square foot is $451 USD, with an average property size of 30,043 square feet. The largest property available is 64,308 square feet. In addition to Multi-Family Properties, Lauderhill also offers Retail Space, Shopping Centers, Residential Income Homes, and Office Properties for sale. Retail Space in Lauderhill can be found along major roads, providing high visibility and foot traffic. Shopping Centers in the area offer a mix of local and national retailers, catering to the diverse needs of the community. Residential Income Homes in Lauderhill provide an opportunity for investors to tap into the city's growing rental market. Office Properties in Lauderhill are situated in prime locations, offering easy access to major transportation hubs and amenities. Overall, Lauderhill's diverse range of properties makes it an attractive option for investors looking to expand their portfolio in a growing and dynamic market.
What is the average cap rate for multi-family properties in the Lauderhill market?
Investors seeking multi-family properties in Lauderhill, Florida, can expect an average cap rate of 5.75%. For those unfamiliar with this key metric, a cap rate represents the rate of return on investment based on the property's net operating income, and you can learn more about it in our article on what is a cap rate.
What should I know about financing options for buying an apartment building in Lauderhill?
When considering financing options for buying an apartment building in Lauderhill, it's essential to understand the local market and available financing options, including commercial real estate loans (CRE loans), which can provide the necessary funds to secure your investment, as explained in our article at CRE loans.
- With 1 available listings of multi-family properties in Lauderhill, you'll want to research and compare financing options to find the best fit for your investment goals, considering factors such as average price per square foot, which is currently $451 USD, and average cap rate, which is 5.75%.
- Lauderhill's diverse economy, with a mix of recreational, sports, and community-oriented businesses, can impact the local real estate market and financing options, so it's crucial to work with a knowledgeable lender or financial advisor who understands the local market.
