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100 SE 21 St 8 Unit Apartment Building $1,750,000 ($218,750/Unit) 4.64% Cap Rate Fort Lauderdale, FL 33316
Executive Summary
Contemporary style 2 story apartment complex built in 1978, has 8 units in total, (1) 2/1 and (7) 1/1's all with private entrances and patio, balconies, central ac. Complex has 12 parking spaces guest and assigned. Total square footage under air is 4,912 total lot square ft. 14,300, all of the 8 units are month to month. Present rents are below market value /w/renovations the potential gross income of $175,000 + POSSIBILITY of a 6% + cap rate. Expenses are minimal with low landscape maintenance, laundry facility on premise which generates income.. Excellent location mins to beaches, restaurants, shoppes, groceries and expressway.
Property Facts
| Price | $1,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $218,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 4.64% | Building Size | 4,912 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2006 |
| Property Subtype | Apartment | Parking Ratio | 2.44/1,000 SF |
| Zoning | RMM-25 - RMM-25 | ||
| Price | $1,750,000 |
| Price Per Unit | $218,750 |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 4,912 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2006 |
| Parking Ratio | 2.44/1,000 SF |
| Zoning | RMM-25 - RMM-25 |
Amenities
Unit Amenities
- Balcony
- Ceiling Fans
- Tile Floors
- Kitchen
- Oven
- Range
- Tub/Shower
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 750 |
| 1+1 | 7 | - | 550 |
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 50-42-15-37-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $716,850 |
Property Taxes
Parcel Number
50-42-15-37-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$716,850
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One Sotheby's International Realty
100 SE 21 St
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