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Multifamily

Hidden Forest Condominiums

4321 NW 19th St, Lauderhill, FL 33313

Listing Price: $2,750,000

Cap Rate
7.00%
Number of Units
23
GRM
6.04
Occupancy
95.0%
Price/Unit
$119,565
Price/Gross SF
$199.28
Gross SF
13,800

Investment Overview

Marcus & Millichap is pleased to bring to market Hidden Forest Condominiums, 23 out of 216 total condominiums, located in the city of Lauderhill, Florida. The community was constructed in 1984 and is comprised of 27 two-story buildings situated on approximately 12 acres.

The entire condominium community consists of one-bedroom apartments at 600 rentable square feet. Each has a private patio or balcony, central heating and air-conditioning, individual hot-water heater, and all electric appliances including washer and dryer. The flooring is either ceramic tile or faux wood vinyl. Each unit has one reserved parking spot and there is an abundance of guest parking.

Hidden Forest is accessible from northwest 19th Street, situated just west of 441 (SR-7) and between Oakland Park Boulevard to the north and Sunrise Boulevard to the south.
State Road 7, Sunrise and Oakland Park Boulevards are thriving retail corridors, dominated by commercial and retail properties ranging from strip centers with local retailers to larger neighborhood centers with national credit tenants. The residents of Victoria at Lauderhill enjoy immediate access to the Florida Turnpike, US-441, and Interstate 95. The immediate area surrounding the property is comprised of condominium communities, rental communities, and single-family homes.

Investment Highlights

  • Excellent Unit Mix Efficient One-Bed Units
  • Very Strong Rental Market
  • Minimal New Development in the Immediate Area
  • Close Proximity to Major Retail and Commercial Corridors
  • Excellent Day One Cash Flow

Exclusively Listed By

Multifamily

Hidden Forest Condominiums

Listing Price: $2,750,000

Cap Rate
7.00%
Number of Units
23
GRM
6.04
Occupancy
95.0%
Price/Unit
$119,565
Price/Gross SF
$199.28
Gross SF
13,800

Investment Highlights

  • Excellent Unit Mix Efficient One-Bed Units
  • Very Strong Rental Market
  • Minimal New Development in the Immediate Area
  • Close Proximity to Major Retail and Commercial Corridors
  • Excellent Day One Cash Flow

Investment Overview

Marcus & Millichap is pleased to bring to market Hidden Forest Condominiums, 23 out of 216 total condominiums, located in the city of Lauderhill, Florida. The community was constructed in 1984 and is comprised of 27 two-story buildings situated on approximately 12 acres. The entire condominium community consists of one-bedroom apartments at 600 rentable square feet. Each has a private patio or balcony, central heating and air-conditioning, individual hot-water heater, and all electric appliances including washer and dryer. The flooring is either ceramic tile or faux wood vinyl. Each unit has one reserved parking spot and there is an abundance of guest parking. Hidden Forest is accessible from northwest 19th Street, situated just west of 441 (SR-7) and between Oakland Park Boulevard to the north and Sunrise Boulevard to the south. State Road 7, Sunrise and Oakland Park Boulevards are thriving retail corridors, dominated by commercial and retail properties ranging from strip centers with local retailers to larger neighborhood centers with national credit tenants. The residents of Victoria at Lauderhill enjoy immediate access to the Florida Turnpike, US-441, and Interstate 95. The immediate area surrounding the property is comprised of condominium communities, rental communities, and single-family homes.

Exclusively Listed By

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