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
