Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, announced the successful sale of Middle River Place, a multifamily property located in Fort Lauderdale, Florida, for $1,850,000. The eight-unit property, previously operated as affordable housing for veterans, has been converted to market-rate rentals. The sale attracted multiple competitive offers from both local and international investors, demonstrating strong demand for well-situated multifamily assets in South Florida. The property, consisting of four duplexes built in 1966 on a 0.39-acre site, was marketed and sold within a week, with the buyer being two nonprofit organizations. Community features include a gated courtyard, a fire pit, picnic tables, a barbecue grill, and shared laundry facilities.
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