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Victoria Park Village Garden Apartments 912-918 NE 15th Ave 16 Unit Apartment Building $4,480,000 ($280,000/Unit) 5.50% Cap Rate Fort Lauderdale, FL 33304
Investment Highlights
- 16-Unit Apartment Complex with All Two-Bedroom Apartments and Beautiful Courtyard
- All Units have Washers/Dryers, Stainless Steel Refrigerators, Dishwashers, Low-Flow Toilets
- Situated in Affluent Victoria Park Neighborhood with Multi-Million Dollar Homes and Avg Household Income of $121,510 in 1-Mile
- Fully Renovated in 2018 with Impact Windows, Custom Cabinets, Quartz Counter Tops,
- Walking Distance to Publix Supermarket, Holiday Park, Restaurants and short drive to Downtown Fort Lauderdale and Beach
Executive Summary
Victoria Park Village is a 16 unit apartment complex with gated courtyard, which was completely renovated in 2018. All units are two-bedroom | two-bathroom apartments measuring approximately 745 square feet with custom cabinets, quartz counter tops, stackable washer/dryers, stainless-steel refrigerators, microwave ovens and dishwashers. Bathrooms feature low-flow toilets, custom vanities, and frameless glass showers with oversized shower heads. Additionally, the buildings are fitted with Eco impact windows and Eco-Smart tankless water heaters, as well as a mix of central and mini-split air conditioning units.
Property Facts
| Price | $4,480,000 | Apartment Style | Low-Rise |
| Price Per Unit | $280,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 5.50% | Building Size | 11,926 SF |
| Gross Rent Multiplier | 10.81 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1953/2018 |
| Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
| Zoning | RMM-25,Ft Lauderdale | ||
| Price | $4,480,000 |
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 10.81 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 11,926 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1953/2018 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | RMM-25,Ft Lauderdale |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Kitchen
- Stainless Steel Appliances
- Range
- Island Kitchen
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | $2,175 | 745 |
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Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 49-42-34-05-8040 | Improvements Assessment | $3,465,630 |
| Land Assessment | $303,750 | Total Assessment | $3,769,380 |
Property Taxes
Parcel Number
49-42-34-05-8040
Land Assessment
$303,750
Improvements Assessment
$3,465,630
Total Assessment
$3,769,380
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Victoria Park Village Garden Apartments | 912-918 NE 15th Ave
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