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4 Units NE Fort Lauderdale 5110 NE 18th Ave 4 Unit Apartment Building $795,000 ($198,750/Unit) Fort Lauderdale, FL 33334
Investment Highlights
- Priced under recent appraisal of $850,000
- Terrific value-add opportunity
Executive Summary
This is today’s best value-add opportunity in NE Fort Lauderdale! Located in Knoll Ridge between Coral Ridge and Coral Ridge Isles, this 4 unit building is immediately north of Commercial Blvd and ½ mile west of Federal Highway. Property is priced below recent appraisal of $850,000. The three 1/1’s and one 2/2 are occupied by month to month tenants, offering flexibility for new owner. It is time to consider the options for improvements and then bring income to substantially higher market rates. Please do not disturb tenants or walk the property. Instead call for an appointment.
Property Facts
| Price | $795,000 | Apartment Style | Low-Rise |
| Price Per Unit | $198,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 4 | Building Size | 2,646 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1967 |
| Zoning | RMM25 | ||
| Price | $795,000 |
| Price Per Unit | $198,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,646 SF |
| No. Stories | 1 |
| Year Built | 1967 |
| Zoning | RMM25 |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+2 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-42-13-04-0320 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $680,710 |
Property Taxes
Parcel Number
49-42-13-04-0320
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$680,710
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4 Units NE Fort Lauderdale | 5110 NE 18th Ave
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