Emerald Landings — a premier investment opportunity to acquire a 20-unit luxury townhome community located in Tamarac, Florida. Built in 2015 with the original intent to sell as individual townhomes, all units were retained under unified ownership, and the property has since operated under a single folio. This structure offers a rare opportunity to acquire a boutique, luxury townhome community without any HOA obligations.
Emerald Landings is currently 100% occupied and generates strong in-place income. Market rents average $3,063. With modest townhome upgrades, CBRE predicts $200 rent premiums through:
• Backsplash
• Nest thermostat
• Flooring
• Bathroom tile
• Closet buildout
Additionally, a future exit strategy exists through the potential to sell units individually once the for-sale market stabilizes.
The property features:
• Twenty oversized 3-bedroom, 2.5-bathroom townhomes
• 1,346 SF of living space across two levels (excluding garage)
• Private direct-access garages, terraces, balconies, and semi-private backyards
• Ceramic tile flooring in living areas and carpeted bedrooms
• In-unit washer/dryers, stainless steel appliances, double vanities, bathtubs and showers, and central A/C
Strategically located on the west side of N Pine Island Road, just 1.3 miles east of the Sawgrass Expressway, Emerald Landings offers convenient access to major retail corridors including University Drive and Commercial Boulevard.