This multifamily property, currently operating as a successful Airbnb, with a rate cap of 5.3%. offers a unique investment opportunity. With the potential to be redeveloped into three modern townhomes, this property is perfect for investors looking to maximize their returns. Shared Common Pool. Excellent Location in North Fort Lauderdale Beach is an amazing pocket in Fort Lauderdale. You are only a 5 minute drive from the Famous Fort Lauderdale beach and a 10 minute drive to Lauderdale by the Sea. Don’t miss out on this versatile and lucrative real estate opportunity!