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4 Units On 3/4 Acre Near HardRock & Beaches 4063-4065 SW 51st St 4 Unit Apartment Building $2,198,000 ($549,500/Unit) 5% Cap Rate Fort Lauderdale, FL 33314
INVESTMENT HIGHLIGHTS
- Possible ALF/ Or Additional Units
- Possible To Build Additional Units
- Lot Size 3/4 Of An Acre 31089 Sq Ft
- Minutes To Hard Rock Casino-Beaches
EXECUTIVE SUMMARY
Fantastic Investment Opportunity In The Heart Of Dania Beach, Just Minutes To Hard Rock Casino, Fort Lauderdale Airport, Nightlife, And Famous Sandy Beaches. This Rare Offering Includes Two Large Duplexes Side By Side On Close To 3/4 Of An Acre,(31089 Sq Ft) With The Potential To Add Additional Units. All Four Spacious Units Are Updated 3-Bed, 2-Bath With Over 1500 Sq Ft Each, Tile Floors Throughtout, Private Fenced Yards & In-Unit Laundry. Tenants Pay Water And Electric. Buildings Have Newer Roofs & Hurricane-Impact Windows. Current Annual Income Is Over $144,000 & Below Market, With Projected Market Rents Pushing Potential Gross Income To $192,000+ Annually. Estimated Annual Expenses Include Taxes Of $23,180, Insurance (No Wind) Of $10,800 & Lawn $1,200. Potential To Build Multi Story Rental Alf/Nursing With Variance.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$144,000
|
$18.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,000
|
$18.81
|
| Taxes |
$23,180
|
$3.03
|
| Operating Expenses |
$12,000
|
$1.57
|
| Total Expenses |
$35,180
|
$4.60
|
| Net Operating Income |
$108,820
|
$14.21
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $18.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $18.81 |
| Taxes | |
|---|---|
| Annual | $23,180 |
| Annual Per SF | $3.03 |
| Operating Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $1.57 |
| Total Expenses | |
|---|---|
| Annual | $35,180 |
| Annual Per SF | $4.60 |
| Net Operating Income | |
|---|---|
| Annual | $108,820 |
| Annual Per SF | $14.21 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Wi-Fi
- Yard
- Dining Room
- Lawn
- Patio
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 4 | $3,000 | 6,000 |
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4 Units On 3/4 Acre Near HardRock & Beaches | 4063-4065 SW 51st St
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