4-Unit Modern
New
For Sale
$3,660,000
1421 SW 24th Ct, Fort Lauderdale, FL 33315
All four residences are occupied by long-term tenants and feature open layouts with contemporary kitchens.
Property Size8,452 SF
Days on Market6
Property Features for 1421 SW 24th Ct
General Information
Standard status
Active
Size
8,452 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$44,706
Building Details
Building Size
8,452 SF
Year Built
2025
Listing Agency:
Anac Global Realty, LLC
Listed By:
Sarkis Anac · License #3230731
(305) 216-3472
Source:
Relinkre
Added: Oct 14
Changed: Oct 18
Last Checked: Oct 16 at 1:55PM
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 Anac Global Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 2025, this four-unit property offers residences ranging from 2,051 to 2,175 square feet. Each unit has an open floor plan, a modern kitchen, and premium finishes. All four units are occupied by long-term tenants.
The property is in Fort Lauderdale, east of I-95, with immediate access to I-95 and I-595. FLL Airport and the beaches are minutes away.
The property is in Fort Lauderdale, east of I-95, with immediate access to I-95 and I-595. FLL Airport and the beaches are minutes away.
Key Highlights
- Four‑unit property built in 2025
- Unit sizes range from 2,051 to 2,175 square feet
- All units are occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,893
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,817,860
$2.8M
Cap Rate 7%
$2,012,757
$2.0M
Cap Rate 9%
$1,565,478
$1.6M
Market Conditions
NOI Build-Up for 8,452 SF
Gross rent
$213.0K $25.20/SF
− Vacancy
−$11.7K −$1.39/SF
EGI
$201.3K $23.81/SF
− OpEx
−$60.4K −$7.14/SF
NOI
$140.9K $16.67/SF
Area
Fort Lauderdale, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,817,860
Cap Rate 7%
$2,012,757
Cap Rate 9%
$1,565,478
Alternative Uses
Best Use
Multifamily LT 5
$2.01M
$1.76M – $2.35M
NOI $140,893 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$1.81M
$1.59M – $2.12M
NOI $126,918 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,582 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied by long-term tenants and feature open layouts with contemporary kitchens.
Where is this quadplex located?
The property is located at 1421 SW 24th Ct Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,660,000.
What are key features of this property?
This property features: Four‑unit property built in 2025; Unit sizes range from 2,051 to 2,175 square feet; All units are occupied by long‑term tenants
