August 4, 2023 – Travis Jones of Horvath & Tremblay has arranged the sale of the Rio Vista Villas, a six (6) unit multi-family property in Fort Lauderdale, Florida. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,000,000.
The Rio Vista Villas are located at 808 and 812 SE 12th Street in Fort Lauderdale, Florida. The Property consists of two adjacent multi-family buildings and contains six (6) residential units comprised of one (1), 2-Bedroom/1-Bathroom unit, two (2) 1-Bedroom/1-Bathroom units and three (3) Studio units with 3,318 square feet living area in 3,403 square feet of total gross area on a 0.33-acre parcel of land. Rio Vista Villas is situated in an excellent location in the Rio Vista neighborhood of Fort Lauderdale. The Property is positioned on a tree-lined street in a residential neighborhood and is surrounded by single family homes and apartment and condominium complexes in between Las Olas Boulevard and SE 17th Street, two of the area’s primary east-west corridors. The Property is 600 feet from Federal Highway (US Route 1), 0.7-miles from SE 17th Street, 1.25-miles from Las Olas Boulevard, and 1-mile from A1A. The Property is conveniently located near an appealing array of retailers, restaurants, bars, and service amenities, public transportation options, major roads and is in close proximity to major attractions and points of interest in the area including Downtown Fort Lauderdale, the Hollywood/Fort Lauderdale International Airport, Port Everglades, the Seminole Hard Rock Hotel, and the World-Famous Fort Lauderdale Beach.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the country. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.