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4825 NE 23rd Ave 7 Unit Apartment Building $2,310,619 CAD ($330,088 CAD/Unit) 6.29% Cap Rate Fort Lauderdale, FL 33308
Executive Summary
Unlock significant equity in one of Fort Lauderdale’s most sought-after pockets. This 7-unit multifamily asset is the perfect "blank canvas" for an investor looking to capitalize on immediate rental growth or a high-yield hospitality conversion. Current rents are significantly below market. With all tenants on month-to-month leases, a new owner can immediately implement renovations to achieve market-leading ROI. Ideal for a traditional long-term hold or a lucrative Short-Term Rental conversion, given its proximity to the beach and tourist hubs.
The 40-year safety certification is complete, offering peace of mind and reducing immediate capital expenditure.
Nestled near Coral Ridge Country Club and just minutes from the pristine beaches of Lauderdale-by-the-Sea, major commuter highways, Holy Cross Hospital, within 5–10-minute drive and walking distance to restaurants, shops, schools, and major highways.
The 40-year safety certification is complete, offering peace of mind and reducing immediate capital expenditure.
Nestled near Coral Ridge Country Club and just minutes from the pristine beaches of Lauderdale-by-the-Sea, major commuter highways, Holy Cross Hospital, within 5–10-minute drive and walking distance to restaurants, shops, schools, and major highways.
Property Facts
| Price | $2,310,619 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $330,088 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6.29% | Building Size | 5,789 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.25/1,000 SF |
| Zoning | RMM-25 - RMM-25 | ||
| Price | $2,310,619 CAD |
| Price Per Unit | $330,088 CAD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,789 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | RMM-25 - RMM-25 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Storage Space
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 49-42-24-08-0860 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,837,092 CAD |
Property Taxes
Parcel Number
49-42-24-08-0860
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,837,092 CAD
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4825 NE 23rd Ave
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