18th ave villas...ryan wold (lead) aj stanford dan dratch travis jones greg matus senior associate...

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 954.671.1821ryan.wold@franklinst.com aj.stanford@franklinst.com dan.dratch@franklinst.com travis.jones@franklinst.com greg.matus@franklinst.com

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

NE 18TH AVE

PINE CREST SCHOOL

NE 62ND ST

POMPANO PLAZA

POMPANO BEACH

POMPANO BEACH AIRPARKSOUTH DIXIE HIGHWAY

SEA RANCH LAKESBAY COLONY

NE 18TH AVE

NE 18

TH AV

E

FORT LAUDERDALE BEACH

DOWNTOWN FORTLAUDERDALE

LAUDERDALE BY THE SEAE COMMERCIAL BLVD

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 954.671.1821ryan.wold@franklinst.com aj.stanford@franklinst.com dan.dratch@franklinst.com travis.jones@franklinst.com greg.matus@franklinst.com

18TH AVE VILLASCOLLABORATIVE REAL ESTATE SERVICESCONTACT A TEAM MEMBER FOR MORE INFORMATION