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4100 NW 16th AveOakland Park, FL 33309
Twin Lakes Villas
Asset ClassMultifamily
Deal Size$10.5 M
Square Feet: 37,980Parking Spaces: 68 Spaces# Units: 37Access Data Room
overview of deal

Overview

Franklin Street is proud to present Twin Lakes Villas, a 37-unit townhome investment opportunity in Oakland Park, Broward County, Florida. Built in 1973 with reinforced concrete block construction and painted stucco exteriors, the property is ideally located at 4100 NW 16th Avenue, just north of Oakland Park Boulevard and west of I-95, in a neighborhood of primarily single-family homes. Twin Lakes Villas benefits from a unique location adjacent to Royal Palm Park, offering residents direct access to walking trails, tennis courts, and a playground. The community includes a mix of two- and three-bedroom floor plans totaling approximately 37,980 RSF, with all units featuring private courtyards or porches and individual utility metering. Recent improvements include resurfaced parking, new central A/C, updated plumbing, a renovated pool, and upgraded interiors with tile flooring, premium kitchens and bathrooms, and in-unit washer/dryers. In addition to continued rent growth, a new investor has the opportunity to increase revenue further through a utility chargeback program. With its strong in-place income, recent capital upgrades, and excellent location near retail, dining, I-95, and Fort Lauderdale Executive Airport, Twin Lakes Villas represents a stabilized, turnkey investment with meaningful upside potential.

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Investment Highlights

  • Opportunity to Acquire From 12+ Years of Professional Ownership
  • All Units are Two- or Three-Bedroom Floorplans, Two Story Townhouse Style with Private Courtyards or Front Porches
  • New Investor Can Significantly Increase Income by Creating Charge Back Program for Water
  • Up to 20% Upside in Rents When Comparing to Average for Subsidized Housing Rates in Zip Code
  • Exterior Improvements Include – Resurfacing Parking, Painted Exterior, New Central A/C, Upgraded Plumbing
  • Interior Improvements Include – Tile, Kitchens & Bathrooms, Hot Water Heaters, Electric Panels, Washer & Dryer in Each Unit
  • Unbelievably Located Asset, Featuring Waterfront Views from Each Unit
  • Situated on One of Oakland Park’s Famous Twin Lakes, Surrounded by Single Family Homes
  • Adjacent to Royal Palm Park with Private Access to the Royal Palm Park Trail & Town Park
  • Easy Access to Oakland Park Blvd, US 1, 441, I-95 and the Florida Turnpike
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4100 NW 16th AveOakland Park, FL 33309

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