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2210 NW 7th Ct 10 Unit Apartment Building $2,887,143 CAD ($288,714 CAD/Unit) 5.66% Cap Rate Fort Lauderdale, FL 33311
Investment Highlights
- 100% two-bedroom layout throughout, offering strong rental demand and above-average rent potential for the submarket
- Each unit individually metered, allowing tenants to pay their own electric and reducing owner utility expenses
- Dedicated off-street parking with one space per unit, a coveted feature in this market
- Below-market rents with significant upside through interior renovations and rent repositioning
- Amenity that drives tenant retention and provides potential additional income
- Classic South Florida architecture with exterior walkways and ample natural light
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # CQ1066435, BK3554632 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # CQ1066435, BK3554632 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $2,887,143 CAD | Building Class | C |
| Price Per Unit | $288,714 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 6,892 SF |
| Cap Rate | 5.66% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RMM-25 | ||
| Price | $2,887,143 CAD |
| Price Per Unit | $288,714 CAD |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 6,892 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.45/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMM-25 |
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 50-42-05-01-1780 | Improvements Assessment | $1,989,257 CAD |
| Land Assessment | $40,195 CAD | Total Assessment | $2,029,452 CAD |
Property Taxes
Parcel Number
50-42-05-01-1780
Land Assessment
$40,195 CAD
Improvements Assessment
$1,989,257 CAD
Total Assessment
$2,029,452 CAD
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2210 NW 7th Ct
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