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Lauderdale Manors Fourplex 1480 NW 20th Ct 4 Unit Apartment Building $899,000 ($224,750/Unit) 5.92% Cap Rate Fort Lauderdale, FL 33311

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INVESTMENT HIGHLIGHTS

Stable Income Stream – Fully occupied fourplex generating $6,000 per month with upside potential by aligning rents to current market levels.
Major Upgrades – New roof, impact windows, central A/Cs, and updated electrical panels for low maintenance.
High Demand Market – Situated in a fast-growing area with strong tenant demand and rising rental values.

Strong Unit Mix – Two 1-bed/1-bath units, one 1-bed + den, and one studio, appealing to varied renters.
Prime Location – Minutes to Downtown, Las Olas, I-95, and Sunrise Blvd, close to jobs, dining, and retail.

EXECUTIVE SUMMARY

Rare opportunity to acquire a fully occupied fourplex at 1480 NW 20th Ct, Fort Lauderdale. The property features two 1-bed/1-bath units, one 1-bed/1-bath + den, and one studio, generating $6,000 per month with potential to increase to market rents for even higher returns. Recently upgraded with a new roof, impact windows, central A/C units, and updated electrical panels, it offers low-maintenance and reliable cash flow. Ideally located just 10 minutes to Downtown & Las Olas, with easy access to I-95, Sunrise Blvd, and major retail and dining corridors, this investment provides strong current income and long-term growth potential.

1480 NW 20TH CT-ELEVI-FLYER

FINANCIAL SUMMARY (PRO FORMA - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$82,800	$37.86
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$82,800	$37.86
Taxes	$16,182	$7.40
Operating Expenses	$8,760	$4.01
Total Expenses	$24,942	$11.40
Net Operating Income	$57,858	$26.46

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual	$82,800
Annual Per SF	$37.86

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$82,800
Annual Per SF	$37.86

Taxes
Annual	$16,182
Annual Per SF	$7.40

Operating Expenses
Annual	$8,760
Annual Per SF	$4.01

Total Expenses
Annual	$24,942
Annual Per SF	$11.40

Net Operating Income
Annual	$57,858
Annual Per SF	$26.46

PROPERTY FACTS

Price	$899,000	Building Class	C
Price Per Unit	$224,750	Lot Size	0.17 AC
Sale Type	Investment	Building Size	2,187 SF
Cap Rate	5.92%	Average Occupancy	100%
No. Units	4	No. Stories	1
Property Type	Multifamily	Year Built	1973
Property Subtype	Apartment	Parking Ratio	1.5/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-15 - primarily allows for single-family and duplex residential structures within the Central City CRA (Community Redevelopment Agency) area.

Price	$899,000
Price Per Unit	$224,750
Sale Type	Investment
Cap Rate	5.92%
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.17 AC
Building Size	2,187 SF
Average Occupancy	100%
No. Stories	1
Year Built	1973
Parking Ratio	1.5/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-15 - primarily allows for single-family and duplex residential structures within the Central City CRA (Community Redevelopment Agency) area.