9-Unit Apartment
New
For Sale
$2,250,000
4317 NE 21st Ave, Fort Lauderdale, FL 33308
Residents have access to a shared pool, on-site parking, and homes with impact-resistant windows.
Property Size6,057 SF
Lot Size0.30 Acres
Price / SF$371.47
Days on Market4
Property Features for 4317 NE 21st Ave
General Information
Standard status
Active
Size
6,057 SF
Total Parking Spaces
11
Lot size
0.30 Acres
Property subtype
Residential Income
Zoning
RMM-25
Site & Location
Neighborhood
Crcc
Highway Access
Yes
Units
Unit Mix
6 x 1BR/1BA, 2 x 2BR/2BA, 1 x studio
Multifamily Units
9
Additional Details
Gross Income
$194,100
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$30,955
Amenities
swimming pool
on-site parking
Wall/Window Unit(s)
Wall Furnace
Fourplex
Building Details
Building Size
6,057 SF
Year Built
1974
Buildings
1
Stories
2
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Evrealestate
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 10:37AM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This 9-unit apartment property contains six 1-bedroom/1-bath residences, two 2-bedroom/2-bath residences, and one studio. The 6,057-square-foot building dates to 1974 and occupies a 12,912-square-foot lot. Features include a swimming pool, tile flooring, kitchens with cabinet storage, hurricane impact windows, and on-site parking. The property is zoned RMM-25.
The Fort Lauderdale address is near Downtown Fort Lauderdale, the beach, Fort Lauderdale-Hollywood International Airport, and I-95.
The Fort Lauderdale address is near Downtown Fort Lauderdale, the beach, Fort Lauderdale-Hollywood International Airport, and I-95.
Key Highlights
- 9 units: six 1‑bedroom/1‑bath, two 2‑bedroom/2‑bath, and one studio
- 6,057‑square‑foot building on a 12,912‑square‑foot lot
- Swimming pool and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,954
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,819,080
$1.8M
Cap Rate 7%
$1,299,343
$1.3M
Cap Rate 9%
$1,010,600
$1.0M
Market Conditions
NOI Build-Up for 6,057 SF
Gross rent
$174.4K $28.80/SF
− Vacancy
−$9.1K −$1.50/SF
EGI
$165.4K $27.30/SF
− OpEx
−$74.4K −$12.29/SF
NOI
$91.0K $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%
$1,819,080
Cap Rate 7%
$1,299,343
Cap Rate 9%
$1,010,600
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $90,954 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $284,921 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,818
Businesses Nearby
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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
$536,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Fort Lauderdale, FL
Properties on Market for Apartment buildings in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to a shared pool, on-site parking, and homes with impact-resistant windows.
Where is this apartment building located?
The property is located at 4317 NE 21st Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 9 units: six 1‑bedroom/1‑bath, two 2‑bedroom/2‑bath, and one studio; 6,057‑square‑foot building on a 12,912‑square‑foot lot; Swimming pool and on‑site parking
