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1715 SW 21st St 2 Unit Apartment Building $896,544 CAD ($448,272 CAD/Unit) 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 |
$72,422
|
$41.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,422
|
$41.60
|
| Taxes |
$11,579
|
$6.65
|
| Operating Expenses |
$7,996
|
$4.59
|
| Total Expenses |
$19,575
|
$11.24
|
| Net Operating Income |
$52,847
|
$30.35
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $72,422 |
| Annual Per SF | $41.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,422 |
| Annual Per SF | $41.60 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,579 |
| Annual Per SF | $6.65 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,996 |
| Annual Per SF | $4.59 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,575 |
| Annual Per SF | $11.24 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $52,847 |
| Annual Per SF | $30.35 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $3,266 CAD | - |
| 2+1 | 1 | $2,780 CAD | - |
1 1
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1715 SW 21st St
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