4410 NE 19th Ter | Coral Hills Apartments
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Features & amenities
Location
Coral Hills Apartments is a 4-unit apartment building located in the City of Oakland Park, Florida. The property is situated just west of Federal Highway (US 1), between Oakland Park Boulevard and Commercial Boulevard, and just west of the Coral Ridge Golf & Country Club. It is being offered for sale by a family that has owned and operated the property for close to 50 years.
The property was constructed in 1958 of concrete block with painted stucco exterior and is comprised of a single onestory building on a large .30-acre site zone RM-25. The unit mix is comprised of (2) two-bedroom and one-bathroom apartments and (2) two-bedroom and two-bathroom apartments. The apartments average over 1,000 rentable square
feet and are separately metered for all utilities including water. Each has an individual wall-unit air-conditioner and separate hot-water heater. There are eight open parking spaces and one covered carport. Additionally, there is an onsite laundry facility, although one apartment has its own washer and dryer.
- Available for acquisition from a family ownership group that has operated the property for over 50 years
- Entirely comprised of two-bedroom units with average sizes exceeding 1,000 rentable square feet
- Prime East Broward location with convenient access to Federal Highway
- Strong value-add potential, with current rents approximately 40% below prevailing market rates
- Individually metered utilities for each unit, including water and sewer services
- Expansive 0.30-acre parcel zoned RM-25, offering future redevelopment potential
- Limited ownership turnover within the surrounding submarket
- Recently finalized 40/10-year building recertification process