new colony apartments - loopnet...new colony apartments 5420 nw 27th st, lauderhill, fl 33313 martin...

New Colony Apartments5420 NW 27th St, Lauderhill, FL 33313

Martin Goldstein Russell Goldstein561-310-0935 561-503-3648 The-Goldstein-Group.com

Comprising 180 units in the heart of a prime residential area in Lauderhill, Colony Village is an excellent and rare large scale multifamily opportunity. These units are currently stabilized and cash flowing, but significant upside and growth potential remain by way of, for example, updating unit interiors as long term tenants cycle out of the property. Ownership is currently undertaking this as well.

Lauderhill is centrally located to all that Broward County has to offer. Sufficiently west to be affordable, and sufficiently east to be desirable, these spacious, two story townhouse-style, 2 bedroom units offer a product to investors as well as tenants that is an undeniable value in the current and future South Florida Housing market.

Current owner has undertaken a program of extensive and strategic capital expenditures over 10 years of ownership that continues currently in strong force. This presents the property in excellent operating condition with room to further invest and raise rents.

With current returns in the unusually high 7.5% range, and upside available in the 9% cap range, New Colony is an excellent value-add opportunity in a steadily and sustainably growing market; one that is currently experiencing record demand for affordable quality rentals.


New Colony ApartmentsOverview

New Colony Apartments

Downtown Fort Lauderdale

Lauderhill

Plantation

Wilton Manors

State Ro

ad 4

41


Asset Overview:• 7.82% Capitalization Rate!• Leveraged Return OVER 19%• List Price: 19,600,000• 5420 NW 27th St, Lauderhill, FL• 180 Units

• 140 2BR, 1.5BA (Over 1000 SFT!)

• 40 1BR, 1BA (750 SFT!)• Fully operating and occupied• Two on-site pools for tenants to enjoy!• Ability to construct 4-6 additional units

near each pool. More information available during discussion.

• All 2 Bedroom units are spacious 2 story, townhouse style units. Currently being renovated as units turn and brought to market.

• Excellent, central Lauderhill/Oakland Park location!

• Close to downtown Ft. Lauderdale

• Convenient to all local commerce and employment centers

• Professionally managed and maintained, with fully renovated and equipped on-site leasing office (See photos)

• Fully renovated on-site leasing office!• Excellent capitalization rate, combined

with massive near and long term upside.

• Large concentrations of units such as this are becoming increasingly scarce as institutional investors and REITs aggressively purse them off-market for long-term hold investments.

New Colony ApartmentsHighlights and Location Map


Offered at $19,600,000

19.30% Cash-on Cash Return!

7.82% Capitalization Rate

New Colony ApartmentsFinance


Beautiful, modern single family homes in the immediate surrounding area!


Contact Listing Agents

For more information or to schedule a property tour please do not hesitate to contact

us at the numbers and/or email addresses below:

Martin Goldstein, Lic. Real Estate Broker

[email protected]

561-310-0935

Russell Goldstein

[email protected]

561-503-3648

new colony apartments - loopnet...new colony apartments 5420 nw 27th st, lauderhill, fl 33313 martin...

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