3001 NW 35TH AVE
Lauderdale Lakes, FL 33311 ·
52 Units · Multifamily For Sale
ROYAL PALMS APARTMENTS
|Price||N/A||Property Use Type||Investment|
|No. Units||52||Cap Rate||5.10%|
|Building Size||37,464 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1973|
|Listing ID: 14550707||Date Created: 03/22/2006||Last Updated: 07/28/2006|
We are pleased to announce an exceptional investment opportunity to acquire an extremely well positioned property in an explosive market. The offering is a 52 units plus office/manager's unit property located in the revitalized community known as Lauderdale Lakes, Florida. This concrete block constructed asset was built in 1973 and consists of (36) One Bedroom/One Bathroom units, measuring 630 sq.ft.
(16 ) 2 Bedroom\One-half Bathroom units measuring 924 sq.ft.
***THIS PROPERTY CAN BE PURCHASE AS A PACKAGE WITH VILLA TERESA APTS -38 UNITS WILTON MANORS LAKE FL; MANOR NORTH & SOUTH APTS- 40 UNITS WILTON MANORS, FL; AND EMERALD PLAZA & APTS 29 UNITS & 5 RETAIL.( all listed on loopnet)***
Royal Palms has the perfect location in the heart of Broward County. The property, located adjacent to the new Lauderdale Lakes Town Center & Bella Vista, has great upside potential for an investor to own this property in the CRA district of Lauderdale Lakes. The Town Center, a mix-used new-urbanist community has already spawned other commercial ventures like the Super Wal-Mart and AGU Studios, the interest will only strengthen once construction gets underway. Bella Vista will consist of over 450 luxury residential units surrounding a new Broward Library , educational Resource Center as well as 20,000 sq.ft of retail/office space in two 4 stories buildings, that will make up the Town Center. The total cost of the project is estimated to be over $100 million dollars. (see pics. on page 6)
- LOCATED ADJACENT TO $ 100 MILL. DEVELOPMENT
- LOCATED RIGHT ACROSS FROM A HOSPITAL & ASSITED LIVING FACILITY
- EXCELLENT UNIT MIX
- GREAT LOCATION FOR ASSISTED LIVING FACILITY
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