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1004 W LAS OLAS 1004 W Las Olas Blvd 3 Unit Apartment Building $1,173,743 CAD ($391,248 CAD/Unit) Fort Lauderdale, FL 33312
INVESTMENT HIGHLIGHTS
- Prime Investment Potential: RM-25 zoning allows for multifamily expansion or redevelopment, with a density of up to 25 dwelling units per acre.
- Highly Desirable Location: Situated in historic Sailboat Bend, one block from Tequesta Park and within walking distance of cultural attractions.
- Modern & furnished interiors designed for immediate short-term rental operations.
- Exclusive Waterfront Access: Residents enjoy exclusive access to Cooley’s Landing Marina, located directly on the New River.
- Value-Add Opportunity: Perfect for a developer or an owner seeking to maximize the property's potential in a vibrant, historic neighborhood
EXECUTIVE SUMMARY
Discover a rare investment in historic Sailboat Bend! This impeccably maintained 3-unit building is fully updated: new roof, impact windows, and modern, furnished interiors designed for immediate short-term rental operations. Projected annual revenue: $96,000.
Situated on a generous 8,750 sq ft RM-25 lot, this property offers significant expansion potential. Build two additional units, a townhouse, or a single-family home. The extra land provides flexibility for future development or storing your boat(s).
The location is a boater’s dream, with exclusive access to Cooley's Landing Marina on the New River, downtown Fort Lauderdale’s vibrant Riverfront Boardwalk, and Tequesta Park just one block away. Maximize cash flow and future growth in a premier location.
Situated on a generous 8,750 sq ft RM-25 lot, this property offers significant expansion potential. Build two additional units, a townhouse, or a single-family home. The extra land provides flexibility for future development or storing your boat(s).
The location is a boater’s dream, with exclusive access to Cooley's Landing Marina on the New River, downtown Fort Lauderdale’s vibrant Riverfront Boardwalk, and Tequesta Park just one block away. Maximize cash flow and future growth in a premier location.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$132,720
|
$86.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,720
|
$86.97
|
| Taxes |
$19,355
|
$12.68
|
| Operating Expenses |
$15,484
|
$10.15
|
| Total Expenses |
$34,839
|
$22.83
|
| Net Operating Income |
$97,881
|
$64.14
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $132,720 |
| Annual Per SF | $86.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $132,720 |
| Annual Per SF | $86.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,355 |
| Annual Per SF | $12.68 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,484 |
| Annual Per SF | $10.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,839 |
| Annual Per SF | $22.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $97,881 |
| Annual Per SF | $64.14 |
PROPERTY FACTS
| Price | $1,173,743 CAD | Building Class | C |
| Price Per Unit | $391,248 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 1,526 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1951/2025 |
| Apartment Style | Low-Rise | ||
| Zoning | RM-25 - Zoned RM-25, providing the potential to expand and build two additional units, a town house, or single family house. The extra land offers flexibility | ||
| Price | $1,173,743 CAD |
| Price Per Unit | $391,248 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 1,526 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2025 |
| Zoning | RM-25 - Zoned RM-25, providing the potential to expand and build two additional units, a town house, or single family house. The extra land offers flexibility |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Tile Floors
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Range
- Yard
- Garden
- Patio
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (74)
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1004 W LAS OLAS | 1004 W Las Olas Blvd
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