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FLL Paradise Villas 821-825 NW 10th Ter 16 Unit Apartment Building $2,688,000 ($168,000/Unit) Fort Lauderdale, FL 33311
Investment Highlights
- Located near downtown Fort Lauderdale with convenient access to I-95 and major roadways.
- Close to retail, dining, and essential services, enhancing tenant convenience.
- Strong rental market fundamentals in Broward County with consistent demand
- 100% occupied multi-family property
- Proforma NOI of $278,400 with new rents in place, proforma cap rate of 6.2%
Executive Summary
New pictures and additional information to follow. Only $168,000 per unit. For more information please contact Fred Stuebing.
Property Facts
| Price | $2,688,000 | Building Class | C |
| Price Per Unit | $168,000 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 8,183 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RMM-25,Ft Lauderdale - Residential Multi-family | ||
| Price | $2,688,000 |
| Price Per Unit | $168,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 8,183 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Opportunity Zone |
Yes |
| Zoning | RMM-25,Ft Lauderdale - Residential Multi-family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $1,400 | - |
| 2+1 | 4 | $1,600 | - |
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 49-42-34-06-6600 | Improvements Assessment | $1,492,240 |
| Land Assessment | $101,250 | Total Assessment | $1,593,490 |
Property Taxes
Parcel Number
49-42-34-06-6600
Land Assessment
$101,250
Improvements Assessment
$1,492,240
Total Assessment
$1,593,490
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FLL Paradise Villas | 821-825 NW 10th Ter
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