Azul at Kimberly Lakes

4050 NE 12th Terrace, Oakland Park, FL – Fort Lauderdale MSA

0
Units
$ 0 M USD
Purchase Price
$ 0 K USD
Renovation to interior exterior of the property
Sold

business plan & results

The property was acquired with an 80% LTC. The property required vacating of all tenants, renovating interior units with new flooring, kitchen, bathrooms, and the exterior with new curb appeal, and new coat of paint. The property was converted to condo and the individual units were sold to first time home buyers within 9-months. § Site & Project: The site consisted of 98 apartments situated in 4.5 Acres in Oakland Park, FL, at a very accessible location. The property included a man-made lake, pool, and bbq area.

site & Project

The site consisted of 98 apartments situated in 4.5 Acres in Oakland Park, FL, at a very accessible location. The property included a man-made lake, pool, and bbq area.

sub-market

Oakland Park is a small city surrounded by the much larger community of Fort Lauderdale. The largely suburban environment offers a quiet home life, while the location provides easy access to Miami, the local beaches, and numerous parks, malls, and golf courses. One of the most popular local hangouts is the Funky Buddha Brewery, which has become famous among beer aficionados in the region. The diverse rental market includes options for every taste and budget, from swanky suburban houses and upscale condos to more affordable apartments.

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