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FLL Paradise Villas 821-825 NW 10th Ter 16 Unit Apartment Building $3,726,450 CAD ($232,903 CAD/Unit) Fort Lauderdale, FL 33311
Investment Highlights
- 100% occupied 16-unit multifamily asset in Fort Lauderdale
- Offered at $168,000/unit – below replacement cost metrics
- Positioned in high-demand Broward County rental market
- Strong pro forma NOI of $278,400 with new rents in place
- Prime location near Downtown & I-95 access corridors
- Close to retail, dining, and essential tenant amenities
Executive Summary
FLL Paradise Villas, located at 821–825 NW 10th Terrace in Fort Lauderdale, presents a rare opportunity to acquire a fully stabilized, 16-unit multifamily asset in one of South Florida’s most sought-after rental markets. Positioned just minutes from Downtown Fort Lauderdale, the property offers excellent connectivity to I-95 and major transportation corridors, providing tenants with convenient access to employment centers, retail, dining, and everyday essentials.
This 100% occupied apartment building benefits from strong in-place tenancy and attractive fundamentals, supported by Broward County’s historically steady rental demand and continued population growth. The surrounding market has experienced sustained absorption and renter demand driven by economic expansion and inbound migration trends. Investors will appreciate the stability of current occupancy as well as the upside associated with newly implemented rental rates.
Offered at $2,688,000 ($168,000 per unit), the property features a pro forma NOI of $278,400, reflecting a projected cap rate of 6.2% based on updated rents. This pricing positions FLL Paradise Villas as a compelling investment opportunity relative to replacement cost and prevailing market valuations. With its strategic location, strong income profile, and long-term growth potential, this asset is well-suited for investors seeking stable cash flow in a high-demand submarket.
New images and additional due diligence materials will be provided shortly. For more information, please contact Fred Stuebing.
________________________________________
This 100% occupied apartment building benefits from strong in-place tenancy and attractive fundamentals, supported by Broward County’s historically steady rental demand and continued population growth. The surrounding market has experienced sustained absorption and renter demand driven by economic expansion and inbound migration trends. Investors will appreciate the stability of current occupancy as well as the upside associated with newly implemented rental rates.
Offered at $2,688,000 ($168,000 per unit), the property features a pro forma NOI of $278,400, reflecting a projected cap rate of 6.2% based on updated rents. This pricing positions FLL Paradise Villas as a compelling investment opportunity relative to replacement cost and prevailing market valuations. With its strategic location, strong income profile, and long-term growth potential, this asset is well-suited for investors seeking stable cash flow in a high-demand submarket.
New images and additional due diligence materials will be provided shortly. For more information, please contact Fred Stuebing.
________________________________________
Property Facts
| Price | $3,726,450 CAD | Building Class | C |
| Price Per Unit | $232,903 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 8,183 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RMM-25,Ft Lauderdale - Residential Multi-family | ||
| Price | $3,726,450 CAD |
| Price Per Unit | $232,903 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 8,183 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1958 |
| Opportunity Zone |
Yes |
| Zoning | RMM-25,Ft Lauderdale - Residential Multi-family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $1,987 CAD | - |
| 2+1 | 4 | $2,271 CAD | - |
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 49-42-34-06-6600 | Improvements Assessment | $2,113,161 CAD |
| Land Assessment | $143,380 CAD | Total Assessment | $2,256,541 CAD |
Property Taxes
Parcel Number
49-42-34-06-6600
Land Assessment
$143,380 CAD
Improvements Assessment
$2,113,161 CAD
Total Assessment
$2,256,541 CAD
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FLL Paradise Villas | 821-825 NW 10th Ter
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