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1715 SW 21st St 2 Unit Apartment Building Offered at $900,368 CAD at a 5.91% Cap Rate Fort Lauderdale, FL 33315
INVESTMENT HIGHLIGHTS
- Stable Neighborhood – Consistent rental demand and strong surrounding property
- Minutes From Major Yacht & Boating Yards – Ideal for tenants working in the marine industry; strong “yachty” rental demand
- Close to Major Corridors & Amenities – Easy access to shopping, dining, schools, beaches, and highways.
EXECUTIVE SUMMARY
Updated duplex with strong rental performance and high demand for furnished, short-term, and crew housing accommodations. Unit 1 offers granite counters and upgraded bath; Unit 2 is newly renovated with modern finishes and stainless appliances. Current income of $2,350 and $2,000 monthly with room to increase. Minutes to major marinas, downtown, Las Olas, beaches, and the airport. Surrounded by everyday conveniences and well-loved local dining. Ideal for investors seeking versatile income streams in a prime yachting corridor.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$72,867
|
$41.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,867
|
$41.85
|
| Taxes |
$11,650
|
$6.69
|
| Operating Expenses |
$8,045
|
$4.62
|
| Total Expenses |
$19,695
|
$11.31
|
| Net Operating Income |
$53,172
|
$30.54
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $72,867 |
| Annual Per SF | $41.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,867 |
| Annual Per SF | $41.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,650 |
| Annual Per SF | $6.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,045 |
| Annual Per SF | $4.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,695 |
| Annual Per SF | $11.31 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $53,172 |
| Annual Per SF | $30.54 |
PROPERTY FACTS
| Price | $900,368 CAD | Property Type | |
| Price Per Unit | $450,184 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 1,741 SF |
| Cap Rate | 5.91% | No. Stories | 1 |
| No. Units | 2 | Year Built | 1969 |
| Zoning | RD-15 | ||
| Price | $900,368 CAD |
| Price Per Unit | $450,184 CAD |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| No. Units | 2 |
| Property Type | |
| Lot Size | 0.14 AC |
| Building Size | 1,741 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Zoning | RD-15 |
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1715 SW 21st St
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