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1715 SW 21st St 2 Unit Apartment Building $645,000 ($322,500/Unit) 5.91% Cap Rate Fort Lauderdale, FL 33315
INVESTMENT HIGHLIGHTS
- Stable Neighborhood – Consistent rental demand and strong surrounding property
- Minutes From Major Yacht & Boating Yards – Ideal for tenants working in the marine industry; strong “yachty” rental demand
- Close to Major Corridors & Amenities – Easy access to shopping, dining, schools, beaches, and highways.
EXECUTIVE SUMMARY
Updated duplex with strong rental performance and high demand for furnished, short-term, and crew housing accommodations. Unit 1 offers granite counters and upgraded bath; Unit 2 is newly renovated with modern finishes and stainless appliances. Current income of $2,350 and $2,000 monthly with room to increase. Minutes to major marinas, downtown, Las Olas, beaches, and the airport. Surrounded by everyday conveniences and well-loved local dining. Ideal for investors seeking versatile income streams in a prime yachting corridor.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$52,200
|
$29.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,200
|
$29.98
|
| Taxes |
$8,346
|
$4.79
|
| Operating Expenses |
$5,763
|
$3.31
|
| Total Expenses |
$14,109
|
$8.10
|
| Net Operating Income |
$38,091
|
$21.88
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $52,200 |
| Annual Per SF | $29.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,200 |
| Annual Per SF | $29.98 |
| Taxes | |
|---|---|
| Annual | $8,346 |
| Annual Per SF | $4.79 |
| Operating Expenses | |
|---|---|
| Annual | $5,763 |
| Annual Per SF | $3.31 |
| Total Expenses | |
|---|---|
| Annual | $14,109 |
| Annual Per SF | $8.10 |
| Net Operating Income | |
|---|---|
| Annual | $38,091 |
| Annual Per SF | $21.88 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $2,350 | - |
| 2+1 | 1 | $2,000 | - |
1 1
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1715 SW 21st St
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