Twin Lakes Villas 4100 NW 16th Ave

Twin Lakes Villas is a 37-unit, townhome investment opportunity in Oakland Park, (Broward County), Florida. The buildings were built between 1973 using reinforced concrete block construction with painted stucco exterior.
The investment opportunity is located at 4100 NW 16th Ave, north of Oakland Park Blvd, and just west of I-95. The neighborhood consists of a mix of mostly single-family homes in age and construction as the subject property. Twin Lakes is uniquely situated adjacent to Royal Palm Park, with direct access to the trail, tennis courts and playground.
The investment consists of (14) fourteen two bedroom-one and a half bath, (3) two bedroom-two bath, (6) three bedroom-one and a half bath, & (14) fourteen three bedroom-two bath apartments totaling approximately 37,980 RSF. All Units feature private courtyards or front porches and are individually metered for electric & water. Exterior capital improvements include resurfaced parking lot, painted exterior, new central a/c, updated pool & updated plumbing. Interior capital improvements include new tile, premium kitchens and bathrooms, new central a/c & washer/dryers in each unit. In addition to continuing to push the rents, a new investor can significantly increase the income by implementing a utility chargeback program with the tenants.
Twin Lakes Villas offers an investor the opportunity to purchase a well located, stabilized, turnkey asset where the current owner has made capital improvements that offer attractive in-place income with upside. Twin Lakes Villas is within proximity to major retailers, restaurants, and major transportation, including the I-95 Business Corridor & Fort Lauderdale Executive Airport.