18th ave villas...ryan wold (lead) aj stanford dan dratch travis jones greg matus senior associate...
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CONTACT USRYAN WOLD (LEAD) AJ STANFORD DAN DRATCH TRAVIS JONES GREG MATUSSenior Associate Senior Associate Director Senior Associate SVP, Investment Sales954.312.1678 954.660.9813 954.312.1677 954.312.1676 [email protected] [email protected] [email protected] [email protected] [email protected]
Sale Price: $1,299,000
Price / Unit: $162,375
Price / SF: $249.81
Number of Units: 8
Cap Rate: 4.45%
NOI: $57,815
Year Built: 1962
Lot Size: 0.34 Acres
Sale Price: $1,299,000
Cap Rate: 4.45%
Price / SF: $249.81
NOI: $57,815
Building Size: 5,200 SF
Land Area: 0.34 Acres
Occupancy: 100.00%
Year Built: 1962
THE OFFERING INVESTMENT HIGHLIGHTS
• Value add opportunity with the ability to increase rents 22.73%
• Each unit comes with its own front porch overlooking a lush courtyard
• Recent Upgrades Include Hurricane Impact Windows, Sealed Roof, Newly Painted, & New Electric Panels
• Most Units Have Had Full Renovations Done To The Kitchens With Cabinets & Granite Countertops
• Located in the highly sought after Coral Ridge Isles neighborhood minutes from the beach
• The area caters to annual rentals as well as Airbnb due to its premium location and close proximity to the beach
• In walking distance from major retailers, grocery stores, and local restaurants
• The property sits blocks from Commercial Blvd which provides easy access to Dixie Hwy and US Federal Hwy I95 andFlorida’s Turnpike
5901-5911 NE 18th Ave, Fort Lauderdale, FL 333348 Units | Multifamily Property | Coral Ridge Isles18TH AVE VILLAS
O F F E R I N G F L Y E R
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NE 18TH AVE
PINE CREST SCHOOL
NE 62ND ST
POMPANO PLAZA
POMPANO BEACH
POMPANO BEACH AIRPARKSOUTH DIXIE HIGHWAY
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SEA RANCH LAKESBAY COLONY
NE 18TH AVE
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NE 18
TH AV
E
FORT LAUDERDALE BEACH
DOWNTOWN FORTLAUDERDALE
LAUDERDALE BY THE SEAE COMMERCIAL BLVD
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RYAN WOLD (LEAD) AJ STANFORD DAN DRATCH TRAVIS JONES GREG MATUSSenior Associate Senior Associate Director Senior Associate SVP, Investment Sales954.312.1678 954.660.9813 954.312.1677 954.312.1676 [email protected] [email protected] [email protected] [email protected] [email protected]
18TH AVE VILLASCOLLABORATIVE REAL ESTATE SERVICESCONTACT A TEAM MEMBER FOR MORE INFORMATION