Log In/Sign Up
Your email has been sent.
4204 Ocean Dr 4 Unit Apartment Building $1,500,000 ($375,000/Unit) 4.90% Cap Rate Lauderdale By The Sea, FL 33308
EXECUTIVE SUMMARY
Well-maintained multifamily asset operated as short-term rentals in the highly desirable Lauderdale-by-the-Sea beach market.
Proven in-place income with average daily rates of approximately $150 per night for one-bedroom units and $200 per night for the two-bedroom unit.
Clear revenue upside with the ability to increase average daily rates by approximately 17% for one-bedroom units and 12.5% for the two-bedroom unit through optimized pricing and management.
Property sits on a 0.13-acre lot with favorable RMM-25 zoning, offering long-term flexibility and potential future redevelopment upside.
Updated interiors featuring modern appliances and contemporary finishes, catering to today’s short-term rental guests.
Units 3 and 4 have been fully renovated; the property has been recently repainted and benefits from a new roof installed in 2024, minimizing near-term capital expenditures.
Irreplaceable coastal location just steps from the beach and within walking distance to Anglin’s Fishing Pier, popular restaurants, cafes, and boutique retail.
Prime Lauderdale-by-the-Sea setting with strong, year-round short-term rental demand and a limited supply of multifamily properties.
Convenient access to Fort Lauderdale Beach, Las Olas Boulevard, Downtown Fort Lauderdale, US-1, I-95, and Fort Lauderdale–Hollywood International Airport.
Rare opportunity to acquire a turnkey coastal multifamily asset in one of Broward County’s most sought-after beach communities.
Proven in-place income with average daily rates of approximately $150 per night for one-bedroom units and $200 per night for the two-bedroom unit.
Clear revenue upside with the ability to increase average daily rates by approximately 17% for one-bedroom units and 12.5% for the two-bedroom unit through optimized pricing and management.
Property sits on a 0.13-acre lot with favorable RMM-25 zoning, offering long-term flexibility and potential future redevelopment upside.
Updated interiors featuring modern appliances and contemporary finishes, catering to today’s short-term rental guests.
Units 3 and 4 have been fully renovated; the property has been recently repainted and benefits from a new roof installed in 2024, minimizing near-term capital expenditures.
Irreplaceable coastal location just steps from the beach and within walking distance to Anglin’s Fishing Pier, popular restaurants, cafes, and boutique retail.
Prime Lauderdale-by-the-Sea setting with strong, year-round short-term rental demand and a limited supply of multifamily properties.
Convenient access to Fort Lauderdale Beach, Las Olas Boulevard, Downtown Fort Lauderdale, US-1, I-95, and Fort Lauderdale–Hollywood International Airport.
Rare opportunity to acquire a turnkey coastal multifamily asset in one of Broward County’s most sought-after beach communities.
PROPERTY FACTS
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $375,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.90% | Building Size | 2,538 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 2.03/1,000 SF |
| Zoning | RM-25 - Residential Multi-Family | ||
| Price | $1,500,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,538 SF |
| No. Stories | 1 |
| Year Built | 1966 |
| Parking Ratio | 2.03/1,000 SF |
| Zoning | RM-25 - Residential Multi-Family |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 49-43-18-01-1490 | Improvements Assessment | $984,160 |
| Land Assessment | $2,930 | Total Assessment | $987,090 |
PROPERTY TAXES
Parcel Number
49-43-18-01-1490
Land Assessment
$2,930
Improvements Assessment
$984,160
Total Assessment
$987,090
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
4204 Ocean Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.