Well-Maintained Multifamily
For Sale
Contact for pricing
825 Northwest 10th Terrace, Fort Lauderdale, FL 33311
Fully occupied multifamily property in a desirable Fort Lauderdale location.
Property Size8,594 SF
Price / SF$302.54
Days on Market164
Property Features for 825 Northwest 10th Terrace
General Information
Standard status
Active
Size
8,594 SF
Class
C
Property subtype
Multifamily
Zoning
RMM-25
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$182,357
Site & Location
Neighborhood
Hbpk
Building Details
Year Built
1958
Year Renovated
2024
Buildings
3
Stories
1
Units
16
Listing Agency:
The Goldstein Group
Listed By:
Russell Goldstein · License #FL 3277603
Source:
Crexi
Added: May 14
Changed: Oct 3
Last Checked: Oct 23 at 6:57AM
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 The Goldstein Group
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Investment Insights
Based on property information with market context.
Paradise Villa is a fully occupied multifamily asset located off Sunrise Blvd in Fort Lauderdale. The property features attractive interior finishes and full concrete construction. It is located in a high-demand rental market. The building has a recent roof and offers a low-maintenance structure with easily maintained grounds and off-street parking. Residents have access to fenced common areas, assigned parking spaces, and convenient access to I-95, Downtown Fort Lauderdale, and Florida’s Turnpike. The property is zoned to allow for future development. The property size is 8594 square feet.
Key Highlights
- Desirable and convenient location near Sunrise Blvd in Fort Lauderdale, with easy access to I‑95, Downtown, and Florida’s Turnpike.
- Excellent zoning ideal for future development.
- Full concrete construction offering durability and low maintenance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,050
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,581,000
$2.6M
Cap Rate 7%
$1,843,571
$1.8M
Cap Rate 9%
$1,433,889
$1.4M
Market Conditions
NOI Build-Up for 8,594 SF
Gross rent
$247.5K $28.80/SF
− Vacancy
−$12.9K −$1.50/SF
EGI
$234.6K $27.30/SF
− OpEx
−$105.6K −$12.29/SF
NOI
$129.1K $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%
$2,581,000
Cap Rate 7%
$1,843,571
Cap Rate 9%
$1,433,889
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $129,050 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.78M
$5.05M – $6.74M
NOI $404,262 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,899
Businesses Nearby
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Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
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?
Multifamily property - Fully occupied multifamily property in a desirable Fort Lauderdale location.
Where is this multifamily property located?
The property is located at 825 Northwest 10th Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Desirable and convenient location near Sunrise Blvd in Fort Lauderdale, with easy access to I‑95, Downtown, and Florida’s Turnpike.; Excellent zoning ideal for future development.; Full concrete construction offering durability and low maintenance.
