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Blue Parrot 2617 NE 13th Ct 8 Unit Apartment Building $3,485,988 CAD ($435,749 CAD/Unit) 8.90% Cap Rate Fort Lauderdale, FL 33304



Investment Highlights
- Trophy Property in the Heart of Coral Ridge Prime location! just minutes away from the Galleria Mall, pristine beaches, shopping, dining, and more.
- Concrete block construction with impact-resistant windows reinforces durability and storm readiness for all units
- Units are individually metered and equipped with new central air conditioning systems for efficient operation and tenant convenience
- Features eight residential units including seven 1-bedroom apartments and one fully renovated three-bedroom townhouse with modern finishes
- Currently generating income with full furnishings in place, presenting a turnkey acquisition for investors targeting short- or long-term renters
Executive Summary
Best multi-family value in East Fort Lauderdale. 8 Unit Multi-family in Coral Ridge (7) 1Bed/1Bath (1) TOWNHOME 3Bed/3Bath, concrete block construction, high impact windows, pool, new deck and fence, on-site washer and dryer, separately metered units and all units have new central AC. This turn-key property is a hidden gem and an investors dream. The townhouse is fully renovated all unit are fully furnished
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- Operating and Financials
Property Facts
| Price | $3,485,988 CAD | Building Class | C |
| Price Per Unit | $435,749 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 5,809 SF |
| Cap Rate | 8.90% | Average Occupancy | 87% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMM-25, Ft Lauderdal - Residential Multi-Family | ||
| Price | $3,485,988 CAD |
| Price Per Unit | $435,749 CAD |
| Sale Type | Investment |
| Cap Rate | 8.90% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,809 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RMM-25, Ft Lauderdal - Residential Multi-Family |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Bay Window
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Wi-Fi
- Yard
- Grill
- Breakfast Nook
- Coffee System
- Family Room
- Freezer
- Intercom
- Linen Closet
- Pantry
- Patio
- Porch
Site Amenities
- Pool
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 700 - 750 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Minimal public transit
10/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 49-42-36-07-0420 | Improvements Assessment | $2,268,313 CAD |
| Land Assessment | $368,371 CAD | Total Assessment | $2,636,683 CAD |
Property Taxes
Parcel Number
49-42-36-07-0420
Land Assessment
$368,371 CAD
Improvements Assessment
$2,268,313 CAD
Total Assessment
$2,636,683 CAD
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Blue Parrot | 2617 NE 13th Ct
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