CONTACT US RYAN WOLD (LEAD) AJ STANFORD DAN DRATCH TRAVIS JONES GREG MATUS Senior Associate Senior Associate Director Senior Associate SVP, Investment Sales 954.312.1678 954.660.9813 954.312.1677 954.312.1676 954.671.1821 [email protected] [email protected] [email protected] [email protected] [email protected] 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 and Florida’s Turnpike 5901-5911 NE 18th Ave, Fort Lauderdale, FL 33334 8 Units | Multifamily Property | Coral Ridge Isles 18TH AVE VILLAS OFFERING FLYER