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4100 NW 16th Ave
Fort Lauderdale, FL 33309
Twin Lakes Villas · Multifamily Property For Sale
·
37 Units
Investment Highlights
- Rare Opportunity to Assume Current Loan of $6,571,000 at 4.2% Fixed Until 2032 - Extremely Attractive 6.6% Cash-On-Cash Return Day One of Ownership
- All Units are 2 or 3-Bedroom Floorplans, Two Story Townhouse Style with Private Courtyards or Front Porches, Individually Metered for Electric
- Situated on One of Oakland Park’s Famous Twin Lakes, Surrounded by Single Family Homes - Adjacent to Royal Palm Park with Access to the Park Trail
- 100% Occupied, Unbelievably Located Asset, Featuring Waterfront Views from Each Unit
- New Investor Can Significantly Increase Income by Creating Charge Back Program for Water
- Interior Improvements Include – New Tile, Premium Kitchens & Bathrooms, New Central A/C, Washer & Dryer in Each Unit
Property Facts
| No. Units | 37 | Building Size | 46,480 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 2.22 AC | ||
| Zoning | RM-16 - MULTI-FAMILY RESIDENTIAL | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 2.22 AC |
| Building Size | 46,480 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | RM-16 - MULTI-FAMILY RESIDENTIAL |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Patio
Site Amenities
- Courtyard
- Pool
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 14 | - | 1,020 |
| 2+2 | 3 | - | 1,020 |
| 3+1.5 | 6 | - | 1,032 |
| 3+2 | 14 | - | 1,032 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,880 | |
| Land Assessment | $36,060 | Total Assessment | $5,984,870 |
Property Taxes
Parcel Numbers
Land Assessment
$36,060
Improvements Assessment
$5,880
Total Assessment
$5,984,870
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