4825 NE 23rd Ave - Apartments FOR SALE


Fort Lauderdale, FL 33308- Coral Ridge Country Club Estates
$1,690,000 USD
954-804-2864
4825 NE 23rd Ave, Fort Lauderdale, FL for Sale
$1,690,000 USD
Apartments - FOR SALE
1/68
null | 6.29% Cap Rate

4825 NE 23rd Ave
Fort Lauderdale, FL 33308
Coral Ridge Country Club Estates


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

7

PRICE/UNIT

$241,429

CAP RATE

6.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,016 SF

ZONING

RMM-25

APN/PARCEL ID

49-42-24-08-0860

ASK ABOUT THIS PROPERTY

Lindsey Way, PADouglas EllimanMore Info
954-804-2864

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Lindsey Way, PADouglas EllimanMore Info
954-804-2864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.