Portfolio For Sale 8 Office/Retail Condos Offered at £1,506,806 in Boca Raton, FL
INVESTMENT HIGHLIGHTS
- Great investment opportunity.
EXECUTIVE SUMMARY
Introducing a rare opportunity to acquire a portfolio of eight condominium units in the well-maintained Edgewood Condominiums community, located at 22775 SW 66th Ave, Boca Raton, FL 33428. Built in 1979, this charming complex consists of 10 two-story buildings with 160 units, each governed by an individual building association and an overarching master association. Most of the units have been completely renovated, providing modernized interiors that appeal to both investors and prospective tenants.
One of the eight units is designated as 55+, making it ideal for targeting a broader tenant demographic. The Edgewood Condominiums community features desirable amenities, including a swimming pool and clubhouse, enhancing the quality of life for residents. The property is conveniently located near the Sawgrass Expressway, providing easy access to major highways, shopping centers, dining, and entertainment. Additionally, the area is home to well-rated schools, making it an appealing option for families
and long-term tenants.
One of the eight units is designated as 55+, making it ideal for targeting a broader tenant demographic. The Edgewood Condominiums community features desirable amenities, including a swimming pool and clubhouse, enhancing the quality of life for residents. The property is conveniently located near the Sawgrass Expressway, providing easy access to major highways, shopping centers, dining, and entertainment. Additionally, the area is home to well-rated schools, making it an appealing option for families
and long-term tenants.
PROPERTY FACTS
| Price | £1,506,806 |
| Price / SF | £183.27 / SF |
| Net Initial Yield | 6.16% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 8 |
| Individually For Sale | 0 |
| Total Building Size | 8,222 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 22775 SW 66th Ave, 2nd Floor - Unit 205, Boca Raton, FL 33428 | Office/Retail Unit | 704 SF | 1979 | - |
| 22775 SW 66th Ave, 1st Floor - Unit 102, Boca Raton, FL 33428 | Office/Retail Unit | 704 SF | 1979 | - |
| 22775 SW 66th Ave, 1st Floor - Unit 104, Boca Raton, FL 33428 | Office/Retail Unit | 1,170 SF | 1979 | - |
| 22775 SW 66th Ave, 1st Floor - Unit 106, Boca Raton, FL 33428 | Office/Retail Unit | 1,170 SF | 1979 | - |
| 22775 SW 66th Ave, 1st Floor - Unit 107, Boca Raton, FL 33428 | Office/Retail Unit | 1,170 SF | 1979 | - |
| 22775 SW 66th Ave, 2nd Floor - Unit 202, Boca Raton, FL 33428 | Office/Retail Unit | 964 SF | 1979 | - |
| 22775 SW 66th Ave, 2nd Floor - Unit 203, Boca Raton, FL 33428 | Office/Retail Unit | 1,170 SF | 1979 | - |
| 22775 SW 66th Ave, 2nd Floor - Unit 204, Boca Raton, FL 33428 | Office/Retail Unit | 1,170 SF | 1979 | - |
1 of 1
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Tenant Controlled Heating
- Pet Play Area
- Walk-Up
- Smoke Detector
