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Multifamily

Stonebridge Garden Condo Portfolio

2900 Northwest 55th Avenue, Lauderhill, FL 33313

Listing Price: $2,000,000

Cap Rate
5.30%
Number of Units
20
GRM
7.69
Occupancy
95.0%
Price/Unit
$100,000
Price/Gross SF
$101.83
Gross SF
19,640

Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale the Stonebridge Garden Condominium Portfolio located in Lauderhill, Florida.

SUBJECT PROPERTY
The Stonebridge Garden Condominium Portfolio consists of twenty (20) condominiums located within the Stonebridge Gardens (#3) community, which was constructed in 1974. Stonebridge Gardens is comprised of four individual associations comprising 415 total condominiums.

The unit mix is comprised of (8) one-bedroom | one and a half bathroom condominiums and (12) two-bedroom | two-bathroom condominiums. Interiors feature ceramic tile interiors, electric appliances and central air conditioning.

LOCATION
The Stonebridge Garden Condo Portfolio is situated just south of Oakland Park Boulevard along Northwest 55th Avenue and west of the Florida Turnpike. The surrounding neighborhood consists primarily of condominiums, multifamily properties and single-family homes.

The property is conveniently located near Lauderdale City Hall (0.4 miles), Florida Medical Center (1.6 miles) and Publix Supermarket at Inveraray Falls (1.0 miles). The property is a short drive to Lakes Mall Shopping Center (1.6 miles), Lauderhill Mall (3.0 miles), Central Broward Park & Broward County Stadium (3.7 miles), Xtreme Action Park (6.4 miles) and the BB&T Center (7.1 miles).

Area schools in close proximity include, Castle Hill Elementary (1.7 miles), Park Lakes Elementary (2.5 miles), Lauderhill High School (2.7 miles), Lauderdale Lakes Middle School (3.4 miles) and Parkway Middle School (4.4 miles).

SUMMARY
The Stonebridge Garden Condominium Portfolio is being offered for sale at $2,000,000 or $100,000 per unit and $101.83 per square foot.

Investment Highlights

  • Close Proximity to Florida Medical Center, Publix Market, and Lauderhill City Hall
  • Portfolio of 20 Condominiums out of 415 Total in the Community
  • All Units Feature Ceramic Tile Flooring, Electric Appliances, Central A/C
  • Central Broward County Located Just West of Floridas Turnpike

Exclusively Listed By

Multifamily

Stonebridge Garden Condo Portfolio

Listing Price: $2,000,000

Cap Rate
5.30%
Number of Units
20
GRM
7.69
Occupancy
95.0%
Price/Unit
$100,000
Price/Gross SF
$101.83
Gross SF
19,640

Investment Highlights

  • Close Proximity to Florida Medical Center, Publix Market, and Lauderhill City Hall
  • Portfolio of 20 Condominiums out of 415 Total in the Community
  • All Units Feature Ceramic Tile Flooring, Electric Appliances, Central A/C
  • Central Broward County Located Just West of Floridas Turnpike

Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale the Stonebridge Garden Condominium Portfolio located in Lauderhill, Florida.

SUBJECT PROPERTY
The Stonebridge Garden Condominium Portfolio consists of twenty (20) condominiums located within the Stonebridge Gardens (#3) community, which was constructed in 1974. Stonebridge Gardens is comprised of four individual associations comprising 415 total condominiums.

The unit mix is comprised of (8) one-bedroom | one and a half bathroom condominiums and (12) two-bedroom | two-bathroom condominiums. Interiors feature ceramic tile interiors, electric appliances and central air conditioning.

LOCATION
The Stonebridge Garden Condo Portfolio is situated just south of Oakland Park Boulevard along Northwest 55th Avenue and west of the Florida Turnpike. The surrounding neighborhood consists primarily of condominiums, multifamily properties and single-family homes.

The property is conveniently located near Lauderdale City Hall (0.4 miles), Florida Medical Center (1.6 miles) and Publix Supermarket at Inveraray Falls (1.0 miles). The property is a short drive to Lakes Mall Shopping Center (1.6 miles), Lauderhill Mall (3.0 miles), Central Broward Park & Broward County Stadium (3.7 miles), Xtreme Action Park (6.4 miles) and the BB&T Center (7.1 miles).

Area schools in close proximity include, Castle Hill Elementary (1.7 miles), Park Lakes Elementary (2.5 miles), Lauderhill High School (2.7 miles), Lauderdale Lakes Middle School (3.4 miles) and Parkway Middle School (4.4 miles).

SUMMARY
The Stonebridge Garden Condominium Portfolio is being offered for sale at $2,000,000 or $100,000 per unit and $101.83 per square foot.

Exclusively Listed By

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