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Lauderdale Manors Fourplex 1480 NW 20th Ct 4 Unit Apartment Building $1,239,658 CAD ($309,915 CAD/Unit) 5.92% Cap Rate Fort Lauderdale, FL 33311
INVESTMENT HIGHLIGHTS
- Stable Income Stream – Fully occupied fourplex generating $6,000 per month with upside potential by aligning rents to current market levels.
- Major Upgrades – New roof, impact windows, central A/Cs, and updated electrical panels for low maintenance.
- High Demand Market – Situated in a fast-growing area with strong tenant demand and rising rental values.
- Strong Unit Mix – Two 1-bed/1-bath units, one 1-bed + den, and one studio, appealing to varied renters.
- Prime Location – Minutes to Downtown, Las Olas, I-95, and Sunrise Blvd, close to jobs, dining, and retail.
EXECUTIVE SUMMARY
Rare opportunity to acquire a fully occupied fourplex at 1480 NW 20th Ct, Fort Lauderdale. The property features two 1-bed/1-bath units, one 1-bed/1-bath + den, and one studio, generating $6,000 per month with potential to increase to market rents for even higher returns. Recently upgraded with a new roof, impact windows, central A/C units, and updated electrical panels, it offers low-maintenance and reliable cash flow. Ideally located just 10 minutes to Downtown & Las Olas, with easy access to I-95, Sunrise Blvd, and major retail and dining corridors, this investment provides strong current income and long-term growth potential.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$114,175
|
$52.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,175
|
$52.21
|
| Taxes |
$22,314
|
$10.20
|
| Operating Expenses |
$12,079
|
$5.52
|
| Total Expenses |
$34,393
|
$15.73
|
| Net Operating Income |
$79,782
|
$36.48
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $114,175 |
| Annual Per SF | $52.21 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $114,175 |
| Annual Per SF | $52.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,314 |
| Annual Per SF | $10.20 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,079 |
| Annual Per SF | $5.52 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,393 |
| Annual Per SF | $15.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $79,782 |
| Annual Per SF | $36.48 |
PROPERTY FACTS
| Price | $1,239,658 CAD | Building Class | C |
| Price Per Unit | $309,915 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,187 SF |
| Cap Rate | 5.92% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM-15 - primarily allows for single-family and duplex residential structures within the Central City CRA (Community Redevelopment Agency) area. | ||
| Price | $1,239,658 CAD |
| Price Per Unit | $309,915 CAD |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,187 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-15 - primarily allows for single-family and duplex residential structures within the Central City CRA (Community Redevelopment Agency) area. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $2,310 CAD | - |
| Studios | 1 | $1,517 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 49-42-28-18-0410 | Total Assessment | $779,404 CAD |
| Land Assessment | $52,444 CAD | Annual Taxes | $22,314 CAD ($10.20 CAD/SF) |
| Improvements Assessment | $726,959 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
49-42-28-18-0410
Land Assessment
$52,444 CAD
Improvements Assessment
$726,959 CAD
Total Assessment
$779,404 CAD
Annual Taxes
$22,314 CAD ($10.20 CAD/SF)
Tax Year
2025
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Lauderdale Manors Fourplex | 1480 NW 20th Ct
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