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972-754-0582
Real Estate Company
111-113 W Turgot Avenue, Edgewater, FL 32132
- $4,500,000
- 704
- SqFt
- List Price
- $4,500,000
- Status
- Active
- Days on Market
- 0
- MLS#
- G5119850
- Property Style
- Multi-Family 5+
- Year Built
- 1984
- Living Area
- 704
- Lot Size
- 58,217
- Acres
- 1.34
- Total Acreage
- 1 to less than 2
- Legal Subdivision Name
- Edgewater Villas
- MLS Area Major
- Edgewater
Property Description
Edgewater Villa Apartments is a 26-unit multifamily investment opportunity in Edgewater, Florida, with the major capital work already done. The property has two separate two-story buildings, one with 10 units and one with 16, and every unit is a 2 bedroom, 1 bath with a consistent floor plan, which keeps operations, leasing, and renovations simple. Recent improvements include both roofs fully replaced in March 2026, a full exterior update and repaint in early 2025, and most HVAC units replaced within the last three years. Ownership has run a successful value-add program, completing 21 unit renovations between 2023 and 2026. The remaining 5 units give a new owner a clear path to rent growth by continuing the existing renovation scope. 24 of 26 units are currently occupied. With most major capital expenditures already behind it, this property offers stable in-place income with upside, in a market with strong rental demand. Financials and rent roll available upon request.
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Additional Information
- Taxes
- $1385
- Community Features
- No Deed Restriction
- Air Conditioning
- Central Air
- Exterior Construction
- Frame
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 743321110010
- Legal Description
- UNIT 111-1 EDGEWATER VILLAS CONDO PER OR 5992 PG 4538 PER OR 6077 PG 1090 PER OR 7819 PG 4003 PER OR 7960 PG 2709 PER OR 8271 PG 2576
Listing courtesy of FATHOM REALTY FL LLC. bnunez@fathomrealty.com
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