Casa Apartments 7851 Johnson St Immeuble residentiel 12 lots 2 272 980 € (189 415 €/Lot) Taux de capitalisation 4,04 % Pembroke Pines, FL 33024

Marcus & Millichap, as exclusive listing agent is excited to bring to market Casa Apartments, a boutique apartment building located on Johnson Street, North of Pines Boulevard, East of North University Drive in the highly sought after market of Pembroke Pines, Florida.
Pembroke Pines is located in Broward County, Florida between Miramar to the South, Hollywood to the East as well as the Florida Turnpike and Cooper City to the North making it easily accessible. Casa Apartments is located East of North University Drive, which is a major through fare lined with restaurants, retail, and shopping. Additionally, C.B. Smith Park is West of the property and Seminole Hard Rock Hotel and Casino is to the North.
Casa Apartments is comprised of a two-story, garden style apartment building situated on a .36-acre parcel. The property was constructed in 1973 of concrete block with a pitched roof and offers a unit mix of twelve one-bedroom one-bathroom units. The roof was replaced in 2024 with upgraded architectural shingles and upgraded barrier. The property features impact windows and doors. The exterior of the building and walkways were recently painted. Additionally, a new front aluminum fence with pillars was installed, the property was re-landscaped, and most apartments have updated bathrooms and kitchens, some of which include stainless steel appliances. The property passed the 25-year safety inspection and 5-year recertification for the parking lot and drainage in 2024. New railings were installed, the parking lot was re-asphalt and sealed, and security cameras were added. There are 17 parking spaces in total, which include two handicap parking spaces. The property offers an on-site laundry area with one washing machine and one dryer, which are owned by the seller. The units offer central-air conditioning and separate hot-water heaters. Each unit features tile flooring throughout. All apartments are separately metered for electricity, while water and trash removal are included in the rent.
Casa Apartments offers an investor a rare opportunity to purchase a property with numerous improvements in the highly desirable and well-located market of Pembroke Pines.
Property tours are by appointment only. Prospective purchasers should not disturb tenants or visit the property unannounced.