Contemporary 8-Unit Apartment
100 SE 21st #1-8 Fort Lauderdale, FL 33316
100 SE 21st #1-8, Fort Lauderdale, FL, 33316
$1,750,000
For Sale
$1,750,000
Eight 2-story units with private entrances, patios or balconies, and central A/C, plus on-site laundry and parking.
Property Size5,104 SF
Lot Size0.33 Acres
Price / SF$342.87
Days on Market169
Property Features for 100 SE 21st #1-8
General Information
- Standard status
- Active
- Size
- 5,104 SF
- Lot size
- 0.33 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing Agency
ONE SOTHEBY'S INT'L REALTY
Listed by
HENRI F VEZIE · License #F10540017
Source
Corcoran
Added: Jan 30 Checked: Jul 17 at 2:44 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ONE SOTHEBY'S INT'L REALTY
Investment Insights
Based on property information with market context.
This contemporary, two-story apartment complex was built in 1978 and contains eight total units, including one 2/1 and seven 1/1 floor plans. Each unit features a private entrance and outdoor space with either a patio or a balcony. Central A/C is provided throughout the community. The property includes 12 parking spaces for guest and assigned use, and an on-site laundry facility that generates income.
The units are all on month-to-month terms. The complex sits on a 14,300 square foot lot with 5,104 square feet of air-conditioned space. The surrounding area is described as being within minutes of beaches, restaurants, shops, groceries, and the expressway, supporting convenient day-to-day access for residents.
For buyers seeking a small multifamily asset with direct resident access, this 8-unit configuration offers a mix of 2-bedroom and studio-style one-bedroom layouts, with outdoor space and central climate control in each unit. Month-to-month tenancy can provide flexibility for future operators, while the on-site laundry facility supports an additional revenue stream alongside the residential units. Minimal expense is noted, including low landscape maintenance.
The units are all on month-to-month terms. The complex sits on a 14,300 square foot lot with 5,104 square feet of air-conditioned space. The surrounding area is described as being within minutes of beaches, restaurants, shops, groceries, and the expressway, supporting convenient day-to-day access for residents.
For buyers seeking a small multifamily asset with direct resident access, this 8-unit configuration offers a mix of 2-bedroom and studio-style one-bedroom layouts, with outdoor space and central climate control in each unit. Month-to-month tenancy can provide flexibility for future operators, while the on-site laundry facility supports an additional revenue stream alongside the residential units. Minimal expense is noted, including low landscape maintenance.
Key Highlights
- 8‑unit, 2‑story apartment complex built in 1977 with 1 unit 2/1 and 7 units 1/1
- All units have private entrances plus patios and/or balconies and include central A/C
- Total 5,104 SF under air on a 14,300 SF lot, with 12 parking spaces (guest and assigned)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.0k | $28.80 |
| − Vacancy | −$7.6k | −$1.50 |
| EGI | $139.4k | $27.30 |
| − OpEx | −$62.7k | −$12.29 |
| NOI | $76.6k | $15.02 |
5,104 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$958.0K – $1.28M
NOI $76,643 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,092 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight 2-story units with private entrances, patios or balconies, and central A/C, plus on-site laundry and parking.
Where is this apartment building located?
The property is located at 100 SE 21st #1-8 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 8‑unit, 2‑story apartment complex built in 1977 with 1 unit 2/1 and 7 units 1/1; All units have private entrances plus patios and/or balconies and include central A/C; Total 5,104 SF under air on a 14,300 SF lot, with 12 parking spaces (guest and assigned)
