2221 NW 58th Ave - Apartments FOR SALE


Lauderhill, FL 33313
$8,900,000 USD
347-406-1677
2221 NW 58th Ave, Lauderhill, FL for Sale
$8,900,000 USD
Apartments - FOR SALE
1/40
null | 6% Cap Rate

2221 NW 58th Ave
Lauderhill, FL 33313


OVERVIEW

Prime Multifamily Investment Opportunity in the Heart of Lauderhill Presenting 2221 NW 58th Ave, a fully leased, value-add multifamily asset located in one of Broward County’s strongest rental submarkets. This well-maintained 1974-built property features multiple 2-bedroom, 1-bathroom units, each offering approximately 950 square feet of living space. With central air conditioning, modern appliances, and shared laundry facilities, the units appeal to long-term tenants seeking comfort and convenience. Positioned just off W Oakland Park Blvd and minutes from the Florida Turnpike, the property provides excellent accessibility to employment centers, retail, and public transportation. Tenants enjoy proximity to major national retailers such as CVS, 7-Eleven, and Dollar Tree, as well as local dining and service providers. The neighborhood boasts strong rental demand with limited supply, offering investors a stable income stream with potential for rental upside. Highlights: Solid concrete block construction 100% occupancy with below-market rents Pet-friendly community with ample parking Individually metered electric; shared utility billing for water/sewer/trash Potential for rental increase through minor cosmetic upgrades Zoned RM-20 with possible redevelopment or density increase opportunity Whether you're expanding your multifamily portfolio or entering a high-growth market, 2221 NW 58th Ave is a compelling opportunity to acquire a well-located asset with immediate income and future value-add potential. Contact us today to receive the full offering memorandum and financials.

FOR SALE DETAILS

PRICE

$8,900,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

44

PRICE/UNIT

$202,273

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Enclave Hills Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

RM-22

APN/PARCEL ID

49-41-26-11-0190

ASK ABOUT THIS PROPERTY

Jeremy SebbaghBeachfront Realty, IncMore Info
347-406-1677

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Jeremy SebbaghBeachfront Realty, IncMore Info
347-406-1677

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.