Investment Overview

Oakwood Villas is an 8-unit, garden-style apartment community located at 1520 NE 56th Street in the Coral Ridge Isles neighborhood of Fort Lauderdale, Florida. Built in 1965 on a 0.18-acre lot, the two-story, concrete block property offers a uniform unit mix of eight 1-bedroom/1-bathroom residences averaging 610 square feet, for 4,880 total rentable square feet. Six of the eight units (75%) have been fully renovated with new flooring, granite kitchen countertops, stainless-steel appliances, and updated bathroom fixtures. High-impact windows were installed between 2021 and 2024, and the property is served by municipal water and sewer, individually metered electric service through FPL, and third-party trash removal through Universal Waste. Offered free and clear of existing debt, Oakwood Villas presents an opportunity to acquire a stabilized, renovation forward asset in a well-located Fort Lauderdale in-fill submarket. In-place rents average $1,731 per unit against a pro forma market rent of $1,900, representing approximately 9% of embedded rent growth with no additional capital investment required. The seller is offering financing at 40% down, 6.50% interest-only, for a three-year term, with no windstorm insurance requirement.