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Coral Hills Apartments 4410 NE 19th Ter 4 Unit Apartment Building $1,200,000 ($300,000/Unit) 2.89% Cap Rate Fort Lauderdale, FL 33308
Investment Highlights
- All large two-bedroom units averaging over 1,000 rsf
- Individual wall-unit air-conditioning
- Separate electric and water meters
- Large site with open landscaped courtyards, Tandem parking plus one carport
- Onsite laundry facility
- Situated on a quiet cul-de-sac
Executive Summary
Coral Hills Apartments is a 4-unit apartment building located in the City of Oakland Park, Florida. The property is situated just west of Federal Highway (US 1), between Oakland Park Boulevard and Commercial Boulevard, and just west of the Coral Ridge Golf & Country Club. It is being offered for sale by a family that has owned and operated the property for close to 50 years.
The property was constructed in 1958 of concrete block with painted stucco exterior and is comprised of a single one-story building on a large .30-acre site zone RM-25. The unit mix is comprised of (2) two-bedroom and one-bathroom apartments and (2) two-bedroom and two-bathroom apartments. The apartments average over 1,000 rentable square feet and are separately metered for all utilities including water. Each has an individual wall-unit air-conditioner and separate hot-water heater. There are eight open parking spaces and one covered carport. Additionally, there is an onsite laundry facility, although one apartment has its own washer and dryer.
The property was constructed in 1958 of concrete block with painted stucco exterior and is comprised of a single one-story building on a large .30-acre site zone RM-25. The unit mix is comprised of (2) two-bedroom and one-bathroom apartments and (2) two-bedroom and two-bathroom apartments. The apartments average over 1,000 rentable square feet and are separately metered for all utilities including water. Each has an individual wall-unit air-conditioner and separate hot-water heater. There are eight open parking spaces and one covered carport. Additionally, there is an onsite laundry facility, although one apartment has its own washer and dryer.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$69,600
|
$14.18
|
| Other Income |
$880
|
$0.18
|
| Vacancy Loss |
$2,088
|
$0.43
|
| Effective Gross Income |
$68,392
|
$13.93
|
| Taxes |
$22,016
|
$4.49
|
| Operating Expenses |
$11,740
|
$2.39
|
| Total Expenses |
$33,756
|
$6.88
|
| Net Operating Income |
$34,636
|
$7.06
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $69,600 |
| Annual Per SF | $14.18 |
| Other Income | |
|---|---|
| Annual | $880 |
| Annual Per SF | $0.18 |
| Vacancy Loss | |
|---|---|
| Annual | $2,088 |
| Annual Per SF | $0.43 |
| Effective Gross Income | |
|---|---|
| Annual | $68,392 |
| Annual Per SF | $13.93 |
| Taxes | |
|---|---|
| Annual | $22,016 |
| Annual Per SF | $4.49 |
| Operating Expenses | |
|---|---|
| Annual | $11,740 |
| Annual Per SF | $2.39 |
| Total Expenses | |
|---|---|
| Annual | $33,756 |
| Annual Per SF | $6.88 |
| Net Operating Income | |
|---|---|
| Annual | $34,636 |
| Annual Per SF | $7.06 |
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $300,000 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 4,033 SF |
| Cap Rate | 2.89% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 2.23/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RM-25 | ||
| Price | $1,200,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 2.89% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,033 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | RM-25 |
Amenities
Unit Amenities
- Kitchen
- Large Bedrooms
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,650 | 1,000 |
| 2+2 | 2 | $1,250 | 1,017 |
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 49-42-13-01-1930 | Total Assessment | $885,810 |
| Land Assessment | $105,660 | Annual Taxes | $22,016 ($5.46/SF) |
| Improvements Assessment | $780,150 | Tax Year | 2026 |
Property Taxes
Parcel Number
49-42-13-01-1930
Land Assessment
$105,660
Improvements Assessment
$780,150
Total Assessment
$885,810
Annual Taxes
$22,016 ($5.46/SF)
Tax Year
2026
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Coral Hills Apartments | 4410 NE 19th Ter
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