Log In/Sign Up
Your email has been sent.
Enclave Hills Apartments 2221 NW 58th Ave 44 Unit Apartment Building $8,900,000 ($202,273/Unit) 5.50% Cap Rate Lauderhill, FL 33313
EXECUTIVE SUMMARY
Prime Multifamily Investment Opportunity in the Heart of Lauderhill
Presenting 2221 NW 58th Ave, a fully leased, value-add multifamily asset located in one of Broward County’s strongest rental submarkets. This well-maintained 1974-built property features multiple 2-bedroom, 1-bathroom units, each offering approximately 950 square feet of living space. With central air conditioning, modern appliances, and shared laundry facilities, the units appeal to long-term tenants seeking comfort and convenience.
Positioned just off W Oakland Park Blvd and minutes from the Florida Turnpike, the property provides excellent accessibility to employment centers, retail, and public transportation. Tenants enjoy proximity to major national retailers such as CVS, 7-Eleven, and Dollar Tree, as well as local dining and service providers. The neighborhood boasts strong rental demand with limited supply, offering investors a stable income stream with potential for rental upside.
Highlights:
Solid concrete block construction
100% occupancy with below-market rents
Pet-friendly community with ample parking
Individually metered electric; shared utility billing for water/sewer/trash
Potential for rental increase through minor cosmetic upgrades
Zoned RM-20 with possible redevelopment or density increase opportunity
Whether you're expanding your multifamily portfolio or entering a high-growth market, 2221 NW 58th Ave is a compelling opportunity to acquire a well-located asset with immediate income and future value-add potential.
Contact us today to receive the full offering memorandum and financials.
Presenting 2221 NW 58th Ave, a fully leased, value-add multifamily asset located in one of Broward County’s strongest rental submarkets. This well-maintained 1974-built property features multiple 2-bedroom, 1-bathroom units, each offering approximately 950 square feet of living space. With central air conditioning, modern appliances, and shared laundry facilities, the units appeal to long-term tenants seeking comfort and convenience.
Positioned just off W Oakland Park Blvd and minutes from the Florida Turnpike, the property provides excellent accessibility to employment centers, retail, and public transportation. Tenants enjoy proximity to major national retailers such as CVS, 7-Eleven, and Dollar Tree, as well as local dining and service providers. The neighborhood boasts strong rental demand with limited supply, offering investors a stable income stream with potential for rental upside.
Highlights:
Solid concrete block construction
100% occupancy with below-market rents
Pet-friendly community with ample parking
Individually metered electric; shared utility billing for water/sewer/trash
Potential for rental increase through minor cosmetic upgrades
Zoned RM-20 with possible redevelopment or density increase opportunity
Whether you're expanding your multifamily portfolio or entering a high-growth market, 2221 NW 58th Ave is a compelling opportunity to acquire a well-located asset with immediate income and future value-add potential.
Contact us today to receive the full offering memorandum and financials.
PROPERTY FACTS
| Price | $8,900,000 | Building Class | C |
| Price Per Unit | $202,273 | Lot Size | 1.54 AC |
| Sale Type | Investment | Building Size | 43,536 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| No. Units | 44 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-22 - Multifamily | ||
| Price | $8,900,000 |
| Price Per Unit | $202,273 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.54 AC |
| Building Size | 43,536 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | RM-22 - Multifamily |
AMENITIES
SITE AMENITIES
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 20 | - | - |
| 2+1.5 | 16 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 49-41-26-11-0190 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,689,350 |
PROPERTY TAXES
Parcel Number
49-41-26-11-0190
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,689,350
1 of 41
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Enclave Hills Apartments | 2221 NW 58th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.