Fort Lauderdale 3 FAm
Newly constructed dual drive-thru 7 Brew Coffee in Brownwood, Texas, offered at $1,683,000 at a 6.00% cap ($101,000 NOI). The single-tenant asset is secured by a 15-year absolute NNN ground lease with 10% rent increases every five years and zero landlord responsibilities. The structure is fully passive and management-free, which suits out-of-state and 1031 buyers.
Built in 2025, the 510 SF building sits on a 44,431 SF (1.02-acre) C-1 parcel with 12 parking spaces along Commerce Street (US-84/US-377), Brownwood's primary commercial corridor. The trade area is anchored by Walmart Supercenter, Home Depot, and United Supermarkets, with neighboring national QSR brands such as Chick-fil-A, McDonald's, Whataburger, and Starbucks. About 36,000 residents live within ten miles.
- 15-year absolute NNN ground lease with zero landlord responsibilities
- 10% rent increases every five years
- New 2025 construction, dual drive-thru
- Leased-fee ownership; passive, 1031-eligible income
- Anchored corridor alongside Walmart Supercenter and Home Depot
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- *[ACTUAL SUMMARY FOR YOUR RECORD]**
- Three-unit multifamily property in Fort Lauderdale, Florida, offered at $1,200,000 at an 8.75% cap ($105,000 NOI). Two units are currently leased at $2,500 per month each; the third can be delivered vacant at closing. The property generates approximately $90,000 in annual gross income today, with projected long-term rental income of $132,000 annually. Income potential increases significantly if operated as short-term rentals such as Airbnb.
- Located at 10 NE 11th Avenue, just minutes from the beach, the two-story, Class A building contains 5,000 SF across 3,000 SF of lot space and includes 3 parking spaces. Built in 1950 and renovated in 2005, the property suits both owner-occupants and investors seeking immediate cash flow or short-term rental upside. The seller offers attractive financing: a $900,000 first-position, interest-only note at 6% for qualified buyers.
- Highlights:
- Two units leased at $2,500/month; third unit vacant at closing
- Seller financing available: $900,000 at 6% interest-only
- Minutes from the beach; strong Airbnb income potential
- Class A multifamily in prime Fort Lauderdale location
- Flexible for owner-occupant or full-rental operation
More property details
Location
Located at 10 NE 11th Avenue, Fort Lauderdale, FL 33301, this legal three-family property presents an outstanding investment opportunity for both investors and owner-users. Situated just minutes from the beach, the property is ideally positioned for short-term rental operations such as Airbnb, offering significant income potential.Currently, two of the three apartments are leased at $2,500 per month each, while the third unit can be delivered vacant at closing, providing immediate flexibility for an owner-occupant or additional rental income. The property currently generates approximately $90,000 in annual gross income, with a projected long-term rental gross income of $132,000 annually. The income potential is even greater if operated as a successful Airbnb.To enhance the investment opportunity, the seller is willing to provide seller financing by holding a $900,000 first-position, interest-only note at a 6% interest rate, creating attractive financing terms for qualified buyers.