7221 Venetian St - Apartments FOR SALE


Miramar, FL 33023- Miramar Park
$2,603,000 USD
305-205-1378
7221 Venetian St, Miramar, FL for Sale
$2,603,000 USD
Apartments - FOR SALE
1/10
null | 6.15% Cap Rate

7221 Venetian St
Miramar, FL 33023
Miramar Park


HIGHLIGHTS

  • Unique and modern renovation
  • Strong market rents
  • New roof from 2018
  • Close to major highways

OVERVIEW

Excellent unit mix containing: * Four one bedroom * Seven one bedrooms and one bonus room. Bonus room is used as a 2nd bedroom without a closet and also ideal for a home office. * One three-bedrooms Units have central air conditioning and have been renovated with a very unique and modern look. The building has a new roof from 2018 and it includes one laundry common area with two washers and two dryers. There are 15 parking spaces with double length. The updated units rent very quickly and for very strong prices. It is conveniently located a few steps from North Perry Airport and very close to Fort Lauderdale airport and Seminole Hard Rock Hotel & Casino Hollywood. The neighborhood includes portions of the City of Miramar, Town of Davie, Cooper City, Pembroke Pines and areas of unincorporated Broward County. Given the proximity to Interstate 75, Interstate 595, the Sawgrass Expressway, and the Florida Turnpike, access to the entire South Florida region is excellent. The neighborhood is located approximately 10 miles southwest of the Ft. Lauderdale central business district, and approximately 8 miles west of Fort Lauderdale/Hollywood International Airport. On a regional level, the neighborhood is located between Miami and West Palm Beach, approximately 25 miles north of Miami and 40 miles south of West Palm Beach. The neighborhood is well served by a number of schools in addition to the typical community services. Medical needs are provided by the Columbia Westside Regional Medical Center and the Plantation General Hospital which are located just north of the Subject neighborhood. The Subject neighborhood also contains the main campus of Nova Southeastern University (NSU). The North Perry Airport is situated in the northwest quadrant of Pembroke Road and SW 72nd Avenue. This general aviation facility is devoted to private and business light aircraft activity. Of interest to the neighborhood is the Seminole Hard Rock Casino, which is situated just outside the neighborhood boundaries on U.S Highway 441, just north of Stirling Road. This 86-acre facility includes a 130,000 square foot casino, a lagoon style pool area, shops and restaurants, a spa and fitness center, the Hard Rock Live entertainment center, a Hard Rock retail store and a 12-story hotel with 500 rooms.

FOR SALE DETAILS

PRICE

$2,603,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

12

PRICE/UNIT

$216,917

CAP RATE

6.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,509 SF

ZONING

RM-16, Miramar

APN/PARCEL ID

51-41-22-04-0550

ASK ABOUT THIS PROPERTY

Betsy ArciaProbiz Estate InvestmentMore Info
305-205-1378

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Betsy ArciaProbiz Estate InvestmentMore Info
305-205-1378

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