Cap Rate
5.58%
GRM
9.37
Price Per SF
$239
Price Per Unit
$220,556
Units
36
Gross SQFT
99,805
Year Built
1988
Leasable Area
33,216 SF
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- UNIT MIX: 36 Units (18) 2 Bedroom/1 Bathroom & (18) 2 Bedroom/2 Bathroom
- LOCATION: 5-minute walk from Oakland Park Blvd retail centers, which include national retailers such as Publix, Truist, Pollo Tropical, etc.
- SALE PRICE: $7,940,000 ($220K/Unit)
- BUILDING FEATURES: Up-to-date appliances, lakeview, 18 storage units, assigned parking for each unit, all units have individual central A/C, each unit has washer and dryer
- OWNERSHIP ADVANTAGE: This investment has multiple exit strategies due to the owner controlling 100% of the units in the HOA
- RENTAL UPSIDE: 10% upside in rents with yearly leases fully occupied
- OWNER EQUITY: Owner has equity in a shared lot of land owned by the Master Association
Broker of Record
- Kyle Matthews
- License No. CQ1052263 (FL)
- (866) 889-0550
- Matthews Real Estate Investment Services
- 1600 West End,
Ste. 1500 Nashville, TN 37203