Fort Lauderdale Apartment
100 Southeast 21st Street Unit 18 Fort Lauderdale, FL 33316
100 Southeast 21st Street Unit 18, Fort Lauderdale, FL, 33316
$1,750,000
For Sale
$1,750,000
Two-story apartment complex with eight units near beaches.
Property Size5,104 SF
Lot Size0.33 Acres
Price / SF$342.87
Days on Market174
Property Features for 100 Southeast 21st Street Unit 18
General Information
- Standard status
- Active
- Size
- 5,104 SF
- Lot size
- 0.33 Acres
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1977
Listing Agency
One Sotheby's Int'l Realty
(954) 465-6615
Listed by
Henri F Vezie · License #0660561
(954) 465-6615
Source
Compass
Added: Jan 25 Checked: Jul 17 at 4:42 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-style, two-story apartment complex, constructed in 1978, features a total of eight units. The unit mix includes one 2-bedroom, 1-bathroom unit and seven 1-bedroom, 1-bathroom units, each with private entrances, patios, and balconies. Central air conditioning is provided throughout the complex. There are 12 parking spaces available for guests and assigned parking. The total square footage under air is 5,104, situated on a 14,300 square foot lot. All eight units are currently rented on a month-to-month basis. A laundry facility on the premises generates additional income. The property is located minutes from beaches, restaurants, shops, groceries, and the expressway.
Key Highlights
- Potential for a 6%+ cap rate with renovations and increased rents.
- Excellent location: minutes to beaches, restaurants, shops, groceries, and expressway.
- Eight units with private entrances and patios/balconies.
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
Breakwater-International Florida
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two-story apartment complex with eight units near beaches.
Where is this apartment building located?
The property is located at 100 Southeast 21st Street Unit 18 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: Potential for a 6%+ cap rate with renovations and increased rents.; Excellent location: minutes to beaches, restaurants, shops, groceries, and expressway.; Eight units with private entrances and patios/balconies.
