Multi-Family

Victoria Park Portfolio Fort Lauderdale

  • Victoria-Park-Portfolio-Fort-Lauderdale-1
  • Victoria-Park-Portfolio-Fort-Lauderdale-2
  • Victoria-Park-Portfolio-Fort-Lauderdale-4
  • Victoria-Park-Portfolio-Fort-Lauderdale-5
  • Victoria-Park-Portfolio-Fort-Lauderdale-6
  • Victoria-Park-Portfolio-Fort-Lauderdale-3

Property Snapshot

Address
1725 NE 7th Street 33304
627-631 NE 10th Avenue 33304
701 N 16th Avenue 33304
312 NE 15th Avenue 33301
Purchase Price
$10,250,000.00
Number of Units
43
% Increase in Rents
Since Closing
19.45%
Projected IRR
20.58%

A 43-unit portfolio, consisting of four separate buildings, located in the Victoria Park sub-market of Fort Lauderdale, Florida. The buildings range in size from approximately 5,000 square feet to 15,000 square feet, all were constructed between 1959 -1968 and have a mix of One and Two-Bed units. Typical units feature vinyl flooring, stainless steel electric appliances, individual water heaters, and air conditioning units.

Victoria Park is located within a couple of miles from the shops and restaurants of Las Olas, the downtown business district, Fort Lauderdale and Central Beach. Within the neighborhood lies Holiday Park, Fort Lauderdale’s largest and most popular park. Some of the best “local hotspot” restaurants reside in the Victoria Park area with various cuisine options. The up-and-coming Flagler Village offers a more bustling late-night lifestyle, putting Victoria Park in walking distance to many popular breweries, bars, and coffee shops.

Cochise Capital is in the process of repositioning the property, to date we have increased rents by greater than 19%.