SQUARE FEET18,944
MLS#G5119850
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONEDGEWATER VILLAS
Property 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.
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air
Lot Size: 1.34 Acres
Roof Type: Shingle
Taxes: $1,385
Year Built: 1984
Feature Descriptions
Building: Bathrooms, Fencing
Days on Site: 2
Directions: I-95 Exit 244 (SR 442), east on Indian River Blvd to US-1, left (north) on US-1, left (west) on W Turgot Ave. Property on W Turgot just west of US-1.
Exterior: Frame
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Commercial Financing
Lot Dimensions: 1.34
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Leases
Showing Instructions: Appointment Only
Special Sale Provisions: None
Units: 26
Water Access Y/N: No
Listed By / Shown By
Listed By
Agency Name: FATHOM REALTY FL LLC
Agency Contact: bnunez@fathomrealty.com
Shown By
Agent Name: Leslie Russell Associate Broker/Consultant
Agent Phone: Cell: (215) 694-9169
Agency Title: RealtyMark
Leslie Russell Associate Broker/Consultant
Office: (215) 376-4444 ext. 318
Cell: (215) 694-9169
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111-113 W Turgot Avenue | MLS# G5119850
This commercial property located at 111-113 W Turgot Avenue , Edgewater, FL 32132 is currently listed for sale with an asking price of $4,500,000. Search Edgewater real estate on lrussell.realtymark.net today.