Sun Terrace Apartment Sale Announced

FORT LAUDERDALE - Multi-Family Deals are available in South Florida. Marcus & Millichap Real Estate Investment Services announced the sale of Sun Terrace Apartments, a 16-unit apartment property in Fort Lauderdale Beach. The asset commanded a sales price of $1,000,000 representing $62,500 per unit.
Senior Associate Felipe Echarte and Associate Joseph Thomas in Marcus & Millichap’s Fort Lauderdale office represented the seller of the property, a New York-based company.
Located just one block from the Atlantic Ocean, the property has six studio apartments and 10 one-bedroom/one-bathroom units. Sun Terrace Apartments is at 619 Breakers Ave. in Fort Lauderdale.
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