University Club Apartments

$12,075,000
$12,075,000

Overview

Nestled in the heart of the vibrant Town of Davie, Florida, University Club Apartments stands as a testament to timeless architecture and enduring appeal. This charming two-story, 58-unit apartment portfolio, constructed between 1969 and 1971, boasts a solid foundation of concrete block with an exterior adorned in beautifully painted stucco.

Encompassing a generous 1.73 acres, the property is strategically situated just east of the renowned Nova Southeastern University, lending an academic ambiance to its surroundings. The portfolio is a diverse mix of living spaces, featuring Four (4) one-bedroom/one-bathroom, Eight (8) two-bedroom/one-bathroom, 30 two-bedroom/one-and-a-half-bathroom, and 16 two-bedroom/two-bathroom units. Residents revel in the independence of managing their water and electric expenses, while the convenience of inclusive trash collection adds an extra layer of comfort to their living experience.

Further enhancing the appeal of University Club Apartments are the on-site laundry facilities and ample parking that caters to both residents and their guests. The property not only serves as a residential haven but also plays a vital role in fostering a sense of community and shared living.

Strategically positioned in Broward County, this gem is a stone’s throw away from Fort Lauderdale, Miami, and the breathtaking Everglades. What truly sets University Club Apartments apart is its proximity to esteemed educational institutions, with Nova Southeastern University taking center stage. Nova boasts prestigious programs in medicine, law, psychology, business, education, pharmacy, dentistry, and more. The property is featured on Nova Southeastern University’s Off-Campus housing portal, making it a sought-after residence for students, faculty, and professionals alike.

Within a convenient radius, residents also have access to other academic hubs such as Florida Atlantic University, University of Florida, and Broward College. The property stands as a beacon for prospective tenants, especially with an estimated 67,000 students currently attending these universities in town. With Nova’s ongoing expansion, welcoming several hundred more students, the demand for housing is set to soar.

University Club Apartments not only aligns itself with the burgeoning academic landscape but also taps into the economic growth of South Florida. As the influx of luxury apartments targets a higher market segment, University Club Apartments takes pride in offering affordable living without compromising quality. The Town of Davie, known for its historically high occupancy rate driven by local workforce demands and collegiate activities, positions University Club Apartments as a reliable and attractive housing option.

In summary, University Club Apartments is not merely a residential complex; it’s a harmonious blend of classic architecture, community spirit, and strategic positioning, making it the ideal choice for those seeking both comfort and convenience in the dynamic landscape of South Florida.

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Details

  • Lot area (sqft):
    75,000 sqft
  • Building area (sqft)::
    47,656 sqft
  • Price ($):
    $12,075,000
  • Year built:
    1969
  • Cap Rate:
    7.46%
  • Portfolio: 58 units

Amenities

  • Air Conditioning
  • Cooktop
  • Refrigerator