Turnkey Fourplex with Private
2201 NW 64th Ave Sunrise, FL 33313
2201 NW 64th Ave, Sunrise, FL, 33313
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For Sale
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Well-maintained fourplex with separate electric meters and private backyards, featuring a newer roof and newer A/C systems.
Property Size3,416 SF
Price / SF$248.83
Days on Market16
Property Features for 2201 NW 64th Ave
General Information
- Standard status
- Active
- Size
- 3,416 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1967
Listing agency
Vanguard Group Realty LLC
(786) 277-1843
Listed by
Sasha Pena · License #3262860
Source
Crexi
Added: Jul 6 Updated: Jul 20 at 8:25PM Checked: Jul 21 at 10:20AM
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 Vanguard Group Realty LLC
Investment Insights
Based on property information with market context.
This turnkey fourplex is presented as a low-maintenance, income-focused multifamily property. The layout includes private backyards and separate electric meters, supporting more independently metered living arrangements. Recent capital improvements include a newer roof and newer A/C systems.
The property is located at 2201 NW 64th Ave in Sunrise, Florida. The offering is described as delivering immediate cash flow and benefiting from strong rental demand in the local market.
With four residential units within a single asset, this property provides an owner the opportunity to manage a consolidated multifamily investment while relying on the identified building updates to help reduce near-term maintenance needs.
The property is located at 2201 NW 64th Ave in Sunrise, Florida. The offering is described as delivering immediate cash flow and benefiting from strong rental demand in the local market.
With four residential units within a single asset, this property provides an owner the opportunity to manage a consolidated multifamily investment while relying on the identified building updates to help reduce near-term maintenance needs.
Key Highlights
- Well‑maintained fourplex built in 1967
- Separate electric meters for individual units
- Private backyards included
Local Financial Insights For Multifamily LT 5
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 | $86.1k | $25.20 |
| − Vacancy | −$4.7k | −$1.39 |
| EGI | $81.3k | $23.81 |
| − OpEx | −$24.4k | −$7.14 |
| NOI | $56.9k | $16.67 |
3,416 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$813.5K
$711.8K – $949.1K
NOI $56,944 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$750.5K
$656.7K – $875.6K
NOI $52,536 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,316 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with separate electric meters and private backyards, featuring a newer roof and newer A/C systems.
Where is this quadplex located?
The property is located at 2201 NW 64th Ave Sunrise, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Well‑maintained fourplex built in 1967; Separate electric meters for individual units; Private backyards included
