6805 SW 88Th St - Apartments FOR SALE


Pinecrest, FL 33143
$6,900,000 USD
954-593-5825
6805 SW 88Th St, Pinecrest, FL for Sale
$6,900,000 USD
Apartments - FOR SALE
1/54
null | 4.49% Cap Rate

6805 SW 88Th St
Pinecrest, FL 33143


HIGHLIGHTS

  • Excellent Location close to major transit, shopping and office
  • Affluent Market surrounded by the best schools and multi-million dollar homes
  • Assumable debt in place with interest only first year

OVERVIEW

Opportunity knocks. This 19 unit property is located in the affluent Village of Pinecrest, FL, where luxury meets convenience. This stunning apartment building offers a great unit mix, featuring 1, 2, and 3 bedroom units, providing a range of options for discerning residents. Step inside the spacious centrally air conditioned units and discover modern interior features that create a comfortable and stylish living space in most units with the potential for additional value add. Featuring sleek finishes, spacious layouts, and abundant natural light, each unit offers a welcoming retreat to call home in a market rarely available for the multifamily investor. Outside, the property features large green spaces and a pool, perfect for resident relaxation and recreation. This gated property provides security and privacy, while the parking lot with 30+ spaces ensures convenient parking for residents and guests. Situated in the heart of Pinecrest, this prime location offers easy access to major shopping centers, public transit options, and is surrounded by high-end homes in the multiple millions of dollars. While the property is conveniently located, it also provides a peaceful retreat from the hustle and bustle of nearby city life. Don't miss this opportunity to add a piece of Pinecrest to your portfolio with tenants living in an exceptional apartment building. Contact Demitri De Varona for any additional information.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

19

PRICE/UNIT

$363,158

CAP RATE

4.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ivycove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

RU-5

APN/PARCEL ID

20-4035-000-1162

ASK ABOUT THIS PROPERTY

Demitri De VaronaCompass Fort LauderdaleMore Info
954-593-5825

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Demitri De VaronaCompass Fort LauderdaleMore Info
954-593-5825

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.