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Enclave Hills Apartments 2221 NW 58th Ave 44 Unit Apartment Building For Sale Lauderhill, FL 33313
Investment Highlights
- 44-Unit Multifamily Asset — Established apartment community offering a diversified unit mix of 8 one-bedroom/one-bathroom and 36 two-bedroom/one bath
- Strong Two-Bedroom Concentration , Approximately 82% of the units are two-bedroom apartments, catering to a broad renter demographic
- Value-Add Potential: An investor may have opportunities to optimize rents, improve operating efficiencies, and enhance the property's overall income
- 100% Occupied : Fully leased property provides stabilized in-place occupancy and immediate rental income.
- Recent Capital Improvements: Ownership has invested in impact windows, electrical upgrades, and other capital expenditures, reducing near-term capital
- Attractive Basis for Multifamily Investors:The combination of 44 units, full occupancy, multifamily zoning, substantial land area,& recent improvement
Executive Summary
Coldwell Banker Commercial Realty is pleased to announce the availability of Enclave Hills Apartments, located at 2221 NW 58th Ave, Lauderhill, FL 33313. The property is situated on approximately 66,998 square feet of land and is zoned RM-22, providing a multifamily residential designation within the City of Lauderhill.
The asset consists of 44 multifamily units, offering an attractive mix of eight (8) 1-bedroom/1-bathroom units, twenty (20) 2-bedroom/1-bathroom units, and sixteen (16) 2-bedroom/1-bathroom and half bathroom units. The property is currently 100% occupied, with one unit leased through the Section 8 Housing Choice Voucher Program, providing an element of government-supported rental income.
The ownership has invested in several capital improvements to the property, including impact windows, electrical upgrades, and other capital expenditures, helping enhance the asset's overall condition and long-term functionality.
With a strong concentration of two-bedroom units, full occupancy, a desirable multifamily zoning designation, and recent capital improvements, Enclave Hills Apartments presents an opportunity for an investor seeking an established multifamily asset in Lauderhill's Broward County market.
The asset consists of 44 multifamily units, offering an attractive mix of eight (8) 1-bedroom/1-bathroom units, twenty (20) 2-bedroom/1-bathroom units, and sixteen (16) 2-bedroom/1-bathroom and half bathroom units. The property is currently 100% occupied, with one unit leased through the Section 8 Housing Choice Voucher Program, providing an element of government-supported rental income.
The ownership has invested in several capital improvements to the property, including impact windows, electrical upgrades, and other capital expenditures, helping enhance the asset's overall condition and long-term functionality.
With a strong concentration of two-bedroom units, full occupancy, a desirable multifamily zoning designation, and recent capital improvements, Enclave Hills Apartments presents an opportunity for an investor seeking an established multifamily asset in Lauderhill's Broward County market.
Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Condition | 1031 Exchange | Lot Size | 1.54 AC |
| Gross Rent Multiplier | 8.9 | Building Size | 43,536 SF |
| No. Units | 44 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low-Rise | Parking Ratio | 1.11/1,000 SF |
| Zoning | RM-22 - Multifamily | ||
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 8.9 |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.54 AC |
| Building Size | 43,536 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | RM-22 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Kitchen
- Yard
- Office
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 20 | - | - |
| 2+1.5 | 16 | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 49-41-26-11-0190 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $7,174,136 CAD |
Property Taxes
Parcel Number
49-41-26-11-0190
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$7,174,136 CAD
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Enclave Hills Apartments | 2221 NW 58th Ave
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