FOR SALE !

EDGEWOOD PARK APARTMENTS

9 Units | Multifamily Property | Fort Lauderdale, FL

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33315-3331 SW 15th Ave #1-9, Fort Lauderdale, FL 33315

PRICE

$2,061,000

PRICE PER UNIT

$229,000

PRICE PER SF

$311.33

NOI

$92,112 RSF

NUMBER OF UNITS

9

BUILDING SIZE

6,620 SF

CAP RATE

4.47%

LAND AREA

0.856 Acres

YEAR BUILT

1951

INVESTMENT HIGHLIGHTS

• 100% Occupied Value Add Opportunity with Rental Increases in Upwards of 15%  

• Ideal Unit Mix Consisting Of (7) 1 Bed 1 Bath and (2) 2 Bed 1 Bath

• Majority of the Units have had Modern Interior Renovations

• Recently Replaced 8 AC Units, and All New Exterior Landscaping

• Lot Sitting on Large .86 of an Acre Parcel Prime for Future Redevelopment

• Close Proximity to the World Famous Fort Lauderdale Beach & Downtown Las Olas

• Short Drive to Ft. Lauderdale International Only 10 Minutes Away

• The Property is Nestled in Several Homes and a Very Nice, Quiet Neighborhood



• The Property Sits a Couple Blocks from Marina Mile Blvd Which Provides Easy Access to I-95 and Florida’s Turnpike

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