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Edgewater Apartments 3 Multifamily Properties in Multiple Locations
INVESTMENT HIGHLIGHTS
- Four Adjacent Buildings Totaling 32 Units Extensively Renovated by Current Ownership
- Most Units Fully Renovated with Updated Kitchens and Bathrooms, Flooring, Lighting
- Close to Aventura Mall, Biscayne Boulevard (US-1), Dixie Highway and NE 163rd Street
- (24) One-Bedroom | One-Bathrooms and (8) Two-Bedroom | One-Bathroom Apartments
- Exterior Renovations Include Hurricane Impact Windows, Railings, Paint, Landscaping
EXECUTIVE SUMMARY
Edgewater Apartments comprises four two-story buildings constructed between 1958 and 1960 of concrete block and painted stucco with flat roofs. The property offers a combined 26,280 square feet of living area and sits on a 35,571-square-foot lot, according to the Miami-Dade Property Appraiser. The unit mix includes twenty-four (24) one-bedroom/one-bathroom units with an average rent of $1,721 and eight (8) two-bedroom/one-bathroom units with an average rent of $2,364.
Over the past two years, the property has undergone extensive renovations. Exterior renovations include stucco repair, new exterior paint, railings, impact windows, sliding glass balcony doors, and updated landscaping. Interior renovations include new kitchens and bathrooms with stainless steel electric appliances, mini-split air conditioning units, upgraded lighting, and new tile or vinyl flooring. The property also features parking in the front and rear alley, as well as on-site laundry facilities.
Over the past two years, the property has undergone extensive renovations. Exterior renovations include stucco repair, new exterior paint, railings, impact windows, sliding glass balcony doors, and updated landscaping. Interior renovations include new kitchens and bathrooms with stainless steel electric appliances, mini-split air conditioning units, upgraded lighting, and new tile or vinyl flooring. The property also features parking in the front and rear alley, as well as on-site laundry facilities.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 24,582 SF |
| Number of Properties | 3 | Total Land Area | 0.82 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 24,582 SF |
| Total Land Area | 0.82 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Glades Apartments
1999 N Glades Dr, Miami, FL 33162 |
Multifamily | 6,460 SF | 1958 | - |
|
Glades Apartments
1969-1979 N Glades Dr, North Miami Beach, FL 33162 |
Multifamily | 11,662 SF | 1960 | - |
|
Glades Apartments
1989 N Glades Dr, North Miami Beach, FL 33162 |
Multifamily | 6,460 SF | 1958 | - |
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Edgewater Apartments
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