Tahiti Gardens — Sale in Lauderdale Lakes, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Lauderdale Lakes, FL 33319

Investment Figures

Cap rate
6.34%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Tahiti Gardens, a 112-unit multifamily community located across two contiguous properties at 3400 NW 50 Avenue and 3460 NW 50 Avenue in Lauderdale Lakes, Florida. The portfolio consists of two 56-unit buildings, both constructed in 1971 of concrete block construction. The building at 3460 NW 50 Avenue totals 38,247 square feet, while 3400 NW 50 Avenue totals 38,621 square feet, situated across a combined 3.5-acre site. Both buildings are two-story structures featuring flat mansard roofs and central air conditioning throughout. Units are separately metered for electricity, reducing owner expenses. The unit mix consists of 60 one-bedroom/one-bathroom units (621 SF), 47 two-bedroom/one-bathroom units (788 SF), 4 two-bedroom/two-bathroom units (863 SF), and one two-bedroom/one-bathroom unit currently utilized as a leasing office. The 3460 NW 50 Avenue building includes an on-site swimming pool, providing an additional resident amenity. Tahiti Gardens is centrally located in Lauderdale Lakes with convenient access to Oakland Park Boulevard, University Drive, and Florida’s Turnpike, allowing connectivity to major employment centers throughout Broward County. The surrounding area includes retail, dining, grocery stores, and healthcare services, with nearby access to Lauderhill, Plantation, and Sunrise commercial corridors. Tahiti Gardens offers investors the opportunity to acquire scale with a 112-unit multifamily community across two contiguous properties with strong infrastructure, separately metered utilities, and accessibility to major Broward County employment and retail centers. Investment Highlights: • 112-Unit Multifamily Community Across Two Contiguous 56-Unit Buildings On 3.5 Acres • Concrete Block Construction With Flat Mansard Roofs And Central A/C Throughout • Diverse Unit Mix Consisting Of 60 1/1's, 48 2/1's, And 4 2/2's • New Flat Mansard Roofs On Both Buildings; On-Site Pool • Located Near Oakland Park Blvd, Univers

Market Context

This multifamily in Lauderdale Lakes, FL is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Lauderdale Lakes, FL — view the full market.

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