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7810 SW 10th St - Best Value Add Deal in North Lauderdale 3 Unit Apartment Building Offered at $976,640 CAD at a 7.25% Cap Rate North Lauderdale, FL 33068



INVESTMENT HIGHLIGHTS
- Desirable Rental Community
- Easy Access to Job Centers, Nearby Schools, Recreational Facilities via Cypress Creek Blvd, University Dr, and Atlantic Blvd
- Great Unit Mix with 3 Two Bedroom Two Bathroom Apartments
EXECUTIVE SUMMARY
A Rare Qualified Opportunity Zone Triplex collecting over $68,000 annually, where Investors can benefit from significant federal tax advantages, including the ability to defer or potentially eliminate capital gains taxes.
In addition, this property offers both strong rental upside and outstanding long-term growth potential. Built in 1972 of CBS Construction, and recently renovated with a 2023 Roof, this property feature 3 spacious 2-bedroom, 2-bathroom apartment in a quiet neighborhood in North Lauderdale. This triplex is collecting over $68,000 annually while landlord pays for water and tenants pay for electricity.
This offering is ideal for both seasoned investors and strategic owner-occupants. With FHA loan eligibility, buyers can live in one unit and rent the others, significantly reducing housing costs while building equity—an excellent setup for house-hacking. Whether you're looking to house hack, build a rental portfolio, or secure a long-term appreciating asset in a desirable rental community with great access to Jobs, Schools, and Entertainment; this property stands out as a great cash flowing opportunity. This is by far the best value add deal in North Lauderdale
In addition, this property offers both strong rental upside and outstanding long-term growth potential. Built in 1972 of CBS Construction, and recently renovated with a 2023 Roof, this property feature 3 spacious 2-bedroom, 2-bathroom apartment in a quiet neighborhood in North Lauderdale. This triplex is collecting over $68,000 annually while landlord pays for water and tenants pay for electricity.
This offering is ideal for both seasoned investors and strategic owner-occupants. With FHA loan eligibility, buyers can live in one unit and rent the others, significantly reducing housing costs while building equity—an excellent setup for house-hacking. Whether you're looking to house hack, build a rental portfolio, or secure a long-term appreciating asset in a desirable rental community with great access to Jobs, Schools, and Entertainment; this property stands out as a great cash flowing opportunity. This is by far the best value add deal in North Lauderdale
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$95,013
|
$32.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$95,013
|
$32.92
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $95,013 |
| Annual Per SF | $32.92 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $95,013 |
| Annual Per SF | $32.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $976,640 CAD | Apartment Style | Garden |
| Price Per Unit | $325,547 CAD | Building Size | 2,886 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.25% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1972/2023 |
| No. Units | 3 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $976,640 CAD |
| Price Per Unit | $325,547 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Building Size | 2,886 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2023 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | $2,651 CAD | 962 |
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7810 SW 10th St - Best Value Add Deal in North Lauderdale
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