18th ave Villas

18th Ave Villas is an 8-unit multifamily community located in the heart of the Coral Ridge Isles submarket in Fort Lauderdale, Florida, which is in Broward County. The subject property was built in 1962 using reinforced concrete block construction with a painted stucco exterior and is situated on 0.34 acres of land.

The property is located on the west side of NE 18th Ave in between Cypress Creek Rd and NE 56th St and is just blocks from Commercial Blvd. The surrounding area boasts multi-family buildings of similar age and construction. The asset is conveniently located just west of US-1, North of Commercial Blvd, and east of Dixie Hwy. Additionally, 18th Ave Villas is a short bike ride from one of the most well-known beaches in Broward County, Lauderdale-By-The-Sea. Also due to the location, a new tenant can be within walking distance from major retailers, grocery stores, and local restaurants along Commercial Blvd.

The Building consists of a highly attractive unit mix of (4) one-bedroom & one-bathroom, and (4) two-bedroom & one-bathroom units, totaling approximately 5,200 RSF. The property boasts amenities such as ample parking, front porches, and a lush courtyard. Recent exterior upgrades include hurricane impact windows, parking lot repaved & resurfaced, the roof has been sealed every year for the last 20+ years, central AC, newly painted, and new electric panels. Interior upgrades include 6 out of 8 kitchens that have been fully remodeled with new cabinets & granite countertops, new tile in the living room & kitchen, laminate wood in the bedrooms, and 4 out of 8 bathrooms have been fully remodeled.