100 SE 21st Street #1-8 Fort Lauderdale, FL 33316
Eight-unit multifamily property with private entrances, patios or balconies, central A/C, and on-site laundry.
Property Features for 100 SE 21st Street #1-8
General Information
- Standard status
- Active
- Size
- 5,104 SF
- Lot size
- 0.33 Acres
Building Details
- Year Built
- 1977
Listing office One Sotheby's Int'l Realty (954) 465-6615
Listing date Jul 6, 2026
Source Laerrealty
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Investment Insights
Based on property information with market context.
The asset is located at 100 SE 21st Street in Fort Lauderdale, with the public remarks indicating convenient access to beaches, restaurants, shops, groceries, and the expressway.
The month-to-month setup may appeal to tenants who prefer flexibility, and the unit mix supports a straightforward operating model for a hands-on owner. The seller’s remarks state present rents are below market value with renovations, and cite a potential gross income of $175,000, along with the possibility of a 6% cap rate. Expenses are described as minimal, including low landscape maintenance, plus income from on-site laundry.
Key Highlights
- Eight‑unit multifamily built in 1977/1978 with 1x 2/1 and 7x 1/1 units
- Each unit has a private entrance plus a patio or balcony
- Central A/C throughout and total 5,104 SF under air
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 |
