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Casaranda Apartments 4900 NW 10th Ave 6 Unit Apartment Building $1,350,000 ($225,000/Unit) 5.50% Cap Rate Fort Lauderdale, FL 33309
INVESTMENT HIGHLIGHTS
- Exceptionally well maintained
- Value-add upside
- Easy access to employment with proximity to I-95
EXECUTIVE SUMMARY
Located just west of I-95 at Commercial and Powerline Road.
• Large units. Unit Mix: 4 one-bedroom and 2 two-bedroom units with average size almost 800 SF.
• Very well maintained with impact windows and recently painted exterior
• Certifications: 40-year and 10-year recertifications completed
• Occupancy: 100% leased with current monthly rents totaling $1,763
• Financials: Trading at approximately $1.35M ($225K/unit) with a 5.5% cap rate
• Value-Add Potential: Opportunity to increase cap rate to 6.5% through strategic improvements
• Large units. Unit Mix: 4 one-bedroom and 2 two-bedroom units with average size almost 800 SF.
• Very well maintained with impact windows and recently painted exterior
• Certifications: 40-year and 10-year recertifications completed
• Occupancy: 100% leased with current monthly rents totaling $1,763
• Financials: Trading at approximately $1.35M ($225K/unit) with a 5.5% cap rate
• Value-Add Potential: Opportunity to increase cap rate to 6.5% through strategic improvements
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,350,000 | Building Class | C |
| Price Per Unit | $225,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 4,628 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1974 |
| Property Type | Multifamily | Parking Ratio | 3.24/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-15 - Residential and Multi-family | ||
| Price | $1,350,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 10 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,628 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 3.24/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-15 - Residential and Multi-family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,570 | 700 |
| 2+1.5 | 2 | $2,150 | 900 |
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PROPERTY TAXES
| Parcel Number | 49-42-16-04-0200 | Total Assessment | $850,610 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
49-42-16-04-0200
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$850,610 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Casaranda Apartments | 4900 NW 10th Ave
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