4900 NW 10th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33309
$1,350,000 USD
786-443-3105
4900 NW 10th Ave, Fort Lauderdale, FL for Sale
$1,350,000 USD
Apartments - FOR SALE
1/14
null | 5.5% Cap Rate

4900 NW 10th Ave
Fort Lauderdale, FL 33309


HIGHLIGHTS

  • Exceptionally well maintained
  • Easy access to employment with proximity to I-95
  • Value-add upside

OVERVIEW

Located just west of I-95 at Commercial and Powerline Road. • Large units. Unit Mix: 4 one-bedroom and 2 two-bedroom units with average size almost 800 SF. • Very well maintained with impact windows and recently painted exterior • Certifications: 40-year and 10-year recertifications completed • Occupancy: 100% leased with current monthly rents totaling $1,763 • Financials: Trading at approximately $1.35M ($225K/unit) with a 5.5% cap rate • Value-Add Potential: Opportunity to increase cap rate to 6.5% through strategic improvements

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casaranda Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,500 SF

ZONING

RM-15

APN/PARCEL ID

49-42-16-04-0200

ASK ABOUT THIS PROPERTY

Calum WeaverCBREMore Info
786-443-3105

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Calum WeaverCBREMore Info
786-443-3105

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