7851 Johnson St - Apartments FOR SALE


Pembroke Pines, FL 33024- Boulevard Heights East
$2,580,000 USD
954-245-3488
7851 Johnson St, Pembroke Pines, FL for Sale
$2,580,000 USD
Apartments - FOR SALE
1/10
null | 4.04% Cap Rate

7851 Johnson St
Pembroke Pines, FL 33024
Boulevard Heights East


HIGHLIGHTS

  • Roof Replaced in 2024
  • Parking Lot Re-Asphalt And Sealed
  • Impact Windows and Doors
  • Newly Painted Building and Walkways
  • Excellent Pembroke Pines Location
  • Long Term Owner of Over 11 Years

OVERVIEW

Marcus & Millichap, as exclusive listing agent is excited to bring to market Casa Apartments, a boutique apartment building located on Johnson Street, North of Pines Boulevard, East of North University Drive in the highly sought after market of Pembroke Pines, Florida. Pembroke Pines is located in Broward County, Florida between Miramar to the South, Hollywood to the East as well as the Florida Turnpike and Cooper City to the North making it easily accessible. Casa Apartments is located East of North University Drive, which is a major through fare lined with restaurants, retail, and shopping. Additionally, C.B. Smith Park is West of the property and Seminole Hard Rock Hotel and Casino is to the North. Casa Apartments is comprised of a two-story, garden style apartment building situated on a .36-acre parcel. The property was constructed in 1973 of concrete block with a pitched roof and offers a unit mix of twelve one-bedroom one-bathroom units. The roof was replaced in 2024 with upgraded architectural shingles and upgraded barrier. The property features impact windows and doors. The exterior of the building and walkways were recently painted. Additionally, a new front aluminum fence with pillars was installed, the property was re-landscaped, and most apartments have updated bathrooms and kitchens, some of which include stainless steel appliances. The property passed the 25-year safety inspection and 5-year recertification for the parking lot and drainage in 2024. New railings were installed, the parking lot was re-asphalt and sealed, and security cameras were added. There are 17 parking spaces in total, which include two handicap parking spaces. The property offers an on-site laundry area with one washing machine and one dryer, which are owned by the seller. The units offer central-air conditioning and separate hot-water heaters. Each unit features tile flooring throughout. All apartments are separately metered for electricity, while water and trash removal are included in the rent. Casa Apartments offers an investor a rare opportunity to purchase a property with numerous improvements in the highly desirable and well-located market of Pembroke Pines. Property tours are by appointment only. Prospective purchasers should not disturb tenants or visit the property unannounced.

FOR SALE DETAILS

PRICE

$2,580,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

12

PRICE/UNIT

$215,000

CAP RATE

4.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,699 SF

ZONING

-

APN/PARCEL ID

51-41-10-03-0029

ASK ABOUT THIS PROPERTY

Brandon RexMarcus & MillichapMore Info
954-245-3488

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Brandon RexMarcus & MillichapMore Info
954-245-3488

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