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FLL Paradise Villas 821-825 NW 10th Ter 16 Unit Apartment Building $2,600,000 ($162,500/Unit) 7.01% Cap Rate Fort Lauderdale, FL 33311
Investment Highlights
- Excellent proximity to major employment centers in the area
- RMM-25 Zoning places it right in the path of future development
- Extremely strong operating and occupancy history – stays full with strong rents
Executive Summary
Paradise Villas is a well-maintained, fully occupied multifamily asset, located directly off of Sunrise Blvd, a major
commercial thoroughfare, in the heart of Suburban Fort Lauderale.
Features include: a desirable & convenient location for residents, excellent zoning that positions it ideally for future
development, attractive interior finishes, full concrete construction, and a history of full occupancy. Paradise Villas is a
fundamentally strong investment opportunity in all ways, and located in one of the nation’s highest demand and most
downturn-resistant rental markets.
Featuring full concrete block construction, a recent roof, and attractive value proposition for renters, it offers a durable
and low maintenance structure, with easily maintained grounds and off-street parking.
Paradise Villas also presents an excellent resident value proposition. Residents enjoy fenced common areas, assigned
parking spaces, and easy access to I-95, Downtown Fort Lauderdale, Florida’s turnpike, and more!
commercial thoroughfare, in the heart of Suburban Fort Lauderale.
Features include: a desirable & convenient location for residents, excellent zoning that positions it ideally for future
development, attractive interior finishes, full concrete construction, and a history of full occupancy. Paradise Villas is a
fundamentally strong investment opportunity in all ways, and located in one of the nation’s highest demand and most
downturn-resistant rental markets.
Featuring full concrete block construction, a recent roof, and attractive value proposition for renters, it offers a durable
and low maintenance structure, with easily maintained grounds and off-street parking.
Paradise Villas also presents an excellent resident value proposition. Residents enjoy fenced common areas, assigned
parking spaces, and easy access to I-95, Downtown Fort Lauderdale, Florida’s turnpike, and more!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$267,660
|
$32.71
|
| Other Income |
$10,185
|
$1.24
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$277,845
|
$33.95
|
| Taxes |
$42,976
|
$5.25
|
| Operating Expenses |
$53,000
|
$6.48
|
| Total Expenses |
$95,976
|
$11.73
|
| Net Operating Income |
$181,869
|
$22.23
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $267,660 |
| Annual Per SF | $32.71 |
| Other Income | |
|---|---|
| Annual | $10,185 |
| Annual Per SF | $1.24 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $277,845 |
| Annual Per SF | $33.95 |
| Taxes | |
|---|---|
| Annual | $42,976 |
| Annual Per SF | $5.25 |
| Operating Expenses | |
|---|---|
| Annual | $53,000 |
| Annual Per SF | $6.48 |
| Total Expenses | |
|---|---|
| Annual | $95,976 |
| Annual Per SF | $11.73 |
| Net Operating Income | |
|---|---|
| Annual | $181,869 |
| Annual Per SF | $22.23 |
Property Facts
| Price | $2,600,000 | Building Class | C |
| Price Per Unit | $162,500 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 8,183 SF |
| Cap Rate | 7.01% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 2.44/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RMM-25,Ft Lauderdale - Residential Multi-family | ||
| Price | $2,600,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| 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 |
| Parking Ratio | 2.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMM-25,Ft Lauderdale - Residential Multi-family |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Fenced Lot
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 4 | - | - |
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 | Total Assessment | $1,593,490 (2026) |
| Land Assessment | $101,250 (2026) | Annual Taxes | $42,976 ($5.25/SF) |
| Improvements Assessment | $1,492,240 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
49-42-34-06-6600
Land Assessment
$101,250 (2026)
Improvements Assessment
$1,492,240 (2026)
Total Assessment
$1,593,490 (2026)
Annual Taxes
$42,976 ($5.25/SF)
Tax Year
2025
Contacts
-
Russell Goldstein -
Martin Goldstein -
The Goldstein Group (MRG Associates, LLC)
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FLL Paradise Villas | 821-825 NW 10th Ter
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