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4213 NE 21st Ave
Fort Lauderdale, FL 33308
Ken Lan Apartments · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Located In The Highly Desirable Coral Ridge Country Club Neighborhood, Surrounded By Million-Dollar Single-Family Homes
- Significant Recent Upgrades Including Hurricane Impact Windows And Mini-Split ACs In Every Unit
- Strong Long-Term Demand Driven By Proximity To The Country Club, Beaches, And Major Retail Corridors
- Flexible Unit Configuration, Currently Operating With Four Two-Bedroom Units And Four Studios, Supporting Diversified Income
- Quarter-Acre Lot With Nine On-Site Parking Spaces, A Rare Feature For The Submarket
Executive Summary
Marcus & Millichap is pleased to present Coral Ridge Apartments, a boutique multifamily property located at 4213 NE 21st Avenue, Fort Lauderdale, Florida 33308, within the highly desirable Coral Ridge Country Club neighborhood. Built in 1960, the property totals 5,208 square feet and is legally configured as four multifamily units, while currently operating as eight units consisting of four two-bedroom/one-bathroom apartments and four studio units.
The property has been thoughtfully upgraded and features hurricane impact windows throughout, mini-split air conditioning in every unit, and screened-in porches serving the two-bedroom units. Situated on a quarter-acre lot, Coral Ridge Apartments offers nine on-site parking spaces, an exceptional amenity for the area, and benefits from a low-density residential setting surrounded by million-dollar single-family homes.
Ideally located just minutes from Coral Ridge Country Club, the property is also in close proximity to Commercial Boulevard, Federal Highway, Lauderdale-by-the-Sea, and Fort Lauderdale Beach. The surrounding area is anchored by high-end residential development, upscale dining, retail, and recreational amenities, driving strong tenant demand and long-term rental stability.
Coral Ridge Apartments represents a compelling opportunity to acquire a well-located, upgraded multifamily asset in one of Fort Lauderdale’s most prestigious residential enclaves. The combination of premium location, strong surrounding demographics, and flexible unit configuration positions the property for sustained cash flow and long-term appreciation in a highly supply-constrained submarket.
The property has been thoughtfully upgraded and features hurricane impact windows throughout, mini-split air conditioning in every unit, and screened-in porches serving the two-bedroom units. Situated on a quarter-acre lot, Coral Ridge Apartments offers nine on-site parking spaces, an exceptional amenity for the area, and benefits from a low-density residential setting surrounded by million-dollar single-family homes.
Ideally located just minutes from Coral Ridge Country Club, the property is also in close proximity to Commercial Boulevard, Federal Highway, Lauderdale-by-the-Sea, and Fort Lauderdale Beach. The surrounding area is anchored by high-end residential development, upscale dining, retail, and recreational amenities, driving strong tenant demand and long-term rental stability.
Coral Ridge Apartments represents a compelling opportunity to acquire a well-located, upgraded multifamily asset in one of Fort Lauderdale’s most prestigious residential enclaves. The combination of premium location, strong surrounding demographics, and flexible unit configuration positions the property for sustained cash flow and long-term appreciation in a highly supply-constrained submarket.
Property Facts
| Price Per Unit | $220,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 6.03% | Building Size | 5,208 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Garden | ||
| Zoning | RMM-25 | ||
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 5,208 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | RMM-25 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 901 |
| Studios | 4 | - | 401 |
Property Taxes
| Parcel Number | 49-42-24-08-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,131,040 |
Property Taxes
Parcel Number
49-42-24-08-0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,131,040
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