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Multifamily

Lighthouse Point Townhomes

3861-3875 Northeast 22nd Way, Lighthouse Point, FL 33064

Listing Price: $7,250,000

Cap Rate
4.42%
Number of Units
8
Price/Unit
$906,250
Price/Gross SF
$281.58
Gross SF
25,748

Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale Lighthouse Point Townhomes, eight fee-simple luxury townhomes in Lighthouse Point, Florida. PROPERTY The Lighthouse Point Townhomes consists of eight, three-story, three-bedroom I three and a half bath luxury townhomes built in 2009. The units range from 3,190 - 3,270 square feet under air with a total of 25,748 rentable square feet. On the first floor, units feature travertine marble flooring throughout, beautiful kitchens with custom wood cabinetry, granite countertops, high-end stainless-steel appliances, dining and living room areas, a half-bathroom and private covered patios. The second floors feature either wood vinyl flooring (3 units) or carpet (5 units) throughout, a large family room, a closet with washer and dryer units, and two spacious bedrooms with private balconies, on-suite bathrooms and walk-in closets. The master suites comprise the entire 3rd floor and feature a wet bar, his and hers massive walk-in closets, luxurious bathrooms featuring a jacuzzi tub with a separate shower and private balconies. Additionally, the units each have private elevators, impact windows and doors, two-car garages, and central air- conditioning. LOCATION The Lighthouse Point Townhomes is situated a few blocks east of Federal Highway (US-1), just north of Sample Road. The location allows for easy access to all key destinations within Lighthouse Point and is a short drive to Boca Raton, Hillsboro Beach and Interstate 95. In 2021, Experian reported a population of 224,155 within a five-mile radius of the property and an average household income of $122,460 within a one-mile radius. The property allows for convenient access to a wide variety of local employment, shopping, dining and entertainment destinations. The Venetian Isle Shopping Plaza is a Publix Supermarket anchored center and includes T.J. Maxx, Staples, Petco and Orange Theory Fitness (0.4 miles). The Gateway Center caters to the Lighthouse Point residents and offers a number of local shops and restaurant options such as Bonefish Macs, Rocca Trattoria and Frosty Point (0.5 miles). Other points of interest in the area include Whole Foods Market (1.2 miles), Cap’s Place Restaurant (1.6 miles), AMC Pompano Beach 18 (1.7 miles), the Nauti Dawg Marina Café (1.7 miles) and Target (1.8 miles). The Lighthouse Point Marina and Lighthouse Point Yacht and Racket Club are located within a mile and a half radius of the subject property. The surrounding neighborhood is also home to numerous multimillion-dollar homes located along the intracoastal waterways. Cap’s Place Island Restaurant (1.6 miles) is also home to Lighthouse Point and has been a landmark destination for over 85 years. Nearby education centers include Trinity Christian School (0.2 miles), Norcrest Elementary School (1.0 miles), Park Ridge Elementary School (2.4 miles), Deerfield Beach Middle School (2.4 miles) and Andrews High School (3.2 miles). SUMMARY The Lighthouse Point Townhomes are being offered for sale at $7,250,000 or $906,250 per unit.

Investment Highlights

  • AAA Lighthouse Point Location, East of Federal Highway (US-1)
  • Luxury 3 Bed/3.5 Bath Townhomes, 3,219 Square Feet, 2 Car Garages, Private Elevators
  • Many Major Retailers & Restaurants within Walking Distance from the Property
  • $122,460 Average Household Income in One-Mile

Exclusively Listed By

Financing By

Multifamily

Lighthouse Point Townhomes

Listing Price: $7,250,000

Cap Rate
4.42%
Number of Units
8
Price/Unit
$906,250
Price/Gross SF
$281.58
Gross SF
25,748

Investment Highlights

  • AAA Lighthouse Point Location, East of Federal Highway (US-1)
  • Luxury 3 Bed/3.5 Bath Townhomes, 3,219 Square Feet, 2 Car Garages, Private Elevators
  • Many Major Retailers & Restaurants within Walking Distance from the Property
  • $122,460 Average Household Income in One-Mile

Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale Lighthouse Point Townhomes, eight fee-simple luxury townhomes in Lighthouse Point, Florida. PROPERTY The Lighthouse Point Townhomes consists of eight, three-story, three-bedroom I three and a half bath luxury townhomes built in 2009. The units range from 3,190 - 3,270 square feet under air with a total of 25,748 rentable square feet. On the first floor, units feature travertine marble flooring throughout, beautiful kitchens with custom wood cabinetry, granite countertops, high-end stainless-steel appliances, dining and living room areas, a half-bathroom and private covered patios. The second floors feature either wood vinyl flooring (3 units) or carpet (5 units) throughout, a large family room, a closet with washer and dryer units, and two spacious bedrooms with private balconies, on-suite bathrooms and walk-in closets. The master suites comprise the entire 3rd floor and feature a wet bar, his and hers massive walk-in closets, luxurious bathrooms featuring a jacuzzi tub with a separate shower and private balconies. Additionally, the units each have private elevators, impact windows and doors, two-car garages, and central air- conditioning. LOCATION The Lighthouse Point Townhomes is situated a few blocks east of Federal Highway (US-1), just north of Sample Road. The location allows for easy access to all key destinations within Lighthouse Point and is a short drive to Boca Raton, Hillsboro Beach and Interstate 95. In 2021, Experian reported a population of 224,155 within a five-mile radius of the property and an average household income of $122,460 within a one-mile radius. The property allows for convenient access to a wide variety of local employment, shopping, dining and entertainment destinations. The Venetian Isle Shopping Plaza is a Publix Supermarket anchored center and includes T.J. Maxx, Staples, Petco and Orange Theory Fitness (0.4 miles). The Gateway Center caters to the Lighthouse Point residents and offers a number of local shops and restaurant options such as Bonefish Macs, Rocca Trattoria and Frosty Point (0.5 miles). Other points of interest in the area include Whole Foods Market (1.2 miles), Cap’s Place Restaurant (1.6 miles), AMC Pompano Beach 18 (1.7 miles), the Nauti Dawg Marina Café (1.7 miles) and Target (1.8 miles). The Lighthouse Point Marina and Lighthouse Point Yacht and Racket Club are located within a mile and a half radius of the subject property. The surrounding neighborhood is also home to numerous multimillion-dollar homes located along the intracoastal waterways. Cap’s Place Island Restaurant (1.6 miles) is also home to Lighthouse Point and has been a landmark destination for over 85 years. Nearby education centers include Trinity Christian School (0.2 miles), Norcrest Elementary School (1.0 miles), Park Ridge Elementary School (2.4 miles), Deerfield Beach Middle School (2.4 miles) and Andrews High School (3.2 miles). SUMMARY The Lighthouse Point Townhomes are being offered for sale at $7,250,000 or $906,250 per unit.

Exclusively Listed By

Financing By

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