Building Details

Building Size 600 SF

Year Built 1966

Stories 11

Listed By: Beth A Daly · License #667493 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 8 Last Checked: Oct 7 at 1:37PM

Report an Issue

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 Beth A Daly

Investment Insights

Based on property information with market context.

This bright and clean second-floor walk-up CO-OP unit includes tandem parking suitable for two small cars. Cash buyers are preferred, and rentals are not permitted. Pets are not allowed. The monthly maintenance fee is $270. The property is located a few blocks west of US 1, providing convenient access to beaches, groceries, hospitals, shopping, and highways. The surrounding neighborhood is peaceful, with nearby parks and a public library. The unit features spacious rooms with dual entry from the front and rear. Additional storage space is available on the second floor for bikes and other items. Residents can enjoy a tranquil backyard, as well as a heated pool. The unit includes a Zinsco electrical panel. The roof was replaced in 2014, and the sewer lines were updated in 2023. The complex is professionally managed. The property is approximately 2.5 miles from Lauderdale by the Sea beaches and entertainment area.

Key Highlights

• Low monthly maintenance fee of $270.
• Tandem parking space that fits 2 small cars.
• Convenient location close to beaches, groceries, hospitals, shopping, and highways.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,010

Cap Rate

8.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$180,200 $180.2K

Cap Rate 7%

$128,714 $128.7K

Cap Rate 9%

$100,111 $100.1K

Market Conditions

NOI Build-Up for 600 SF

Gross rent

$17.3K $28.80/SF

− Vacancy

−$899 −$1.50/SF

EGI

$16.4K $27.30/SF

− OpEx

−$7.4K −$12.29/SF

NOI

$9.0K $15.02/SF

Area

Fort Lauderdale, FL

Vacancy

5.20%

Lease Rate

$28.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$180,200

Cap Rate 7%

$128,714

Cap Rate 9%

$100,111

Alternative Uses

Best Use

Apartment 5plus

$128.7K

$112.6K – $150.2K (±1% cap)

NOI $9,010 @ 7.0% cap · market cap 8.34%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$403.2K

$352.8K – $470.4K (±1% cap)

NOI $28,224 @ 7.0% cap · market cap 26.13%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Mobile Pet Sitter/Walker Dog Walker

Suggested Use

Top Pick Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,414

Businesses Nearby

Explore this area Business Placement

Demographics for 33308, FL

29,519

Population

23,230

Households

1.3

Avg Household Size

57

Median Age

56%

College-Educated

96%

High-School Grad

4.6 sq mi

ZIP Area

6,417

Density / Sq Mi

$83,413

Median Household Income

$58,600

Median Earnings

$1,850

Median Rent

$536,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Well-Maintained Apartment Building

1111 SW 2nd Street, Fort Lauderdale, FL 33312

$1,195,000

View details

Quadplex With Impact Windows

812 NE 15 Avenue, Fort Lauderdale, FL 33304

$899,900

2,547 SF

View details

Renovated 6-Unit Apartment Building

824 Northeast 4th Street, Unit 16, Fort Lauderdale, FL 33301

$1,500,000

2,903 SF

View details

6-Unit Apartment Building

620 SW 7th St unit 1-6, Fort Lauderdale, FL 33315

$1,749,000

2,809 SF

View details

Remodeled Multifamily Property Near Beach

2748 NE 32nd St 1-7, Fort Lauderdale, FL 33306

$2,200,000

2,913 SF

View details

Renovated 8-Unit Apartment Building

1137 SE 6TH Terrace # 8 Unit: 1-8, Fort Lauderdale, FL 33316

$2,600,000

View details

5-Unit Apartment Building

1730 NE 7th St 1-5, Fort Lauderdale, FL 33304

$2,149,000

3,157 SF

View details

Fort Lauderdale Multifamily Investment Opportunity

1106 Northeast 5th Avenue, Fort Lauderdale, FL 33304

$1,199,999

3,754 SF

View details

6-Unit Multifamily Corner Property

1414 NE 4th St, Fort Lauderdale, FL 33301

$1,380,000

3,595 SF

View details

8-Unit Apartment Building Collection

426 NW 14th Ave # 8 Unit: 1-8, Fort Lauderdale, FL 33311

$1,325,000

View details

Waterfront Apartments with Dock Slips

37 Hendricks Isle, Fort Lauderdale, FL 33301

$4,400,000

3,212 SF

View details

Yearly-Lease Apartment Property

807 W Las Olas Boulevard, Fort Lauderdale, FL

$1,320,000

4,407 SF

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Second-floor CO-OP unit with tandem parking near beaches.

Where is this apartment building located?

The property is located at 2106 NE 56th Ct 204 Fort Lauderdale, FL.

What is the asking price?

The asking price for this property is $108,000.

What are key features of this property?

This property features: Low monthly maintenance fee of $270.; Tandem parking space that fits 2 small cars.; Convenient location close to beaches, groceries, hospitals, shopping, and highways.**