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18TH AVE VILLAS...RYAN WOLD (LEAD) AJ STANFORD DAN DRATCH TRAVIS JONES GREG MATUS Senior Associate...
Transcript of 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
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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