Las Olas by the River is a 240 condominium unit building located in the heart of Downtown Fort Lauderdale, with a 900 feet waterfront by the New River and just in front of the renowned Las Olas Boulevard, with their restaurants, art galleries and shops.
This building has 1,2 and 3 bedroom units surrounding a tropical landscaped central court with a big pool, outdoor jacuzzi, solarium, cabanas, sport bar and BBQ area.
The clubhouse includes a massage room, yoga/pilates studio, cybercafe, pool and game room, business center, lounge and fitness center. We purchased the 62 remaining units by acquiring the distressed loan and arranging a friendly deed in lieu of foreclosure with the original developer. We rented and sold the units within 10 months to international investors from South America, Canada and Central and Eastern Europe looking for good returns on their investment. All units were rented from the first day of the acquisition and are still providing a steady cash flow to its investors. We have already resold most of the units with a strong value increase , allowing our clients to get a high rate of return on their investment.