821-825 NW 10th Ter - Apartments FOR SALE


Fort Lauderdale, FL 33311- Durrs
$2,600,000 USD
561-503-3648
821-825 NW 10th Ter, Fort Lauderdale, FL for Sale
$2,600,000 USD
Apartments - FOR SALE
1/23
null | 7.01% Cap Rate

821-825 NW 10th Ter
Fort Lauderdale, FL 33311
Durrs


HIGHLIGHTS

  • Excellent proximity to major employment centers in the area
  • Extremely strong operating and occupancy history – stays full with strong rents
  • RMM-25 Zoning places it right in the path of future development

OVERVIEW

Paradise Villas is a well-maintained, fully occupied multifamily asset, located directly off of Sunrise Blvd, a major commercial thoroughfare, in the heart of Suburban Fort Lauderale. Features include: a desirable & convenient location for residents, excellent zoning that positions it ideally for future development, attractive interior finishes, full concrete construction, and a history of full occupancy. Paradise Villas is a fundamentally strong investment opportunity in all ways, and located in one of the nation’s highest demand and most downturn-resistant rental markets. Featuring full concrete block construction, a recent roof, and attractive value proposition for renters, it offers a durable and low maintenance structure, with easily maintained grounds and off-street parking. Paradise Villas also presents an excellent resident value proposition. Residents enjoy fenced common areas, assigned parking spaces, and easy access to I-95, Downtown Fort Lauderdale, Florida’s turnpike, and more!

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

16

PRICE/UNIT

$162,500

CAP RATE

7.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FLL Paradise Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

RMM-25,Ft Lauderdale

APN/PARCEL ID

49-42-34-06-6600

ASK ABOUT THIS PROPERTY

Russell GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-503-3648

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Russell GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-503-3648

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