Property
| Ownership: | Fee Simple |
|---|---|
| Type: | Unknown |
| Area: | 704 sq ft |
| Lot Size: | 1.3 Acres |
Financials
Price:$4,500,000
Annual Taxes:$1,385
Listing Courtesy of FATHOM REALTY FL LLC
Edgewater Villa Apartments is a 26 unit multifamily investment opportunity in Edgewater, Florida, with the major capital work already done.
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.
Amenities
- Bathrooms
- Fencing
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
