Well-Maintained Multifamily
825 Northwest 10th Terrace Fort Lauderdale, FL 33311
825 Northwest 10th Terrace, Fort Lauderdale, FL, 33311
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For Sale
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Fully occupied multifamily property in a desirable Fort Lauderdale location.
Property Size8,594 SF
Price / SF$305.45
Days on Market71
Property Features for 825 Northwest 10th Terrace
General Information
- Standard status
- Active
- Size
- 8,594 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1958
Listing agency
The Goldstein Group
Listed by
Russell Goldstein · License #FL 3277603
Source
Crexi
Added: May 14 Updated: Jul 10 at 1:36PM Checked: Jul 22 at 11:55AM
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
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.
Local Financial Insights For Apartment 5plus
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 | $247.5k | $28.80 |
| − Vacancy | −$12.9k | −$1.50 |
| EGI | $234.6k | $27.30 |
| − OpEx | −$105.6k | −$12.29 |
| NOI | $129.1k | $15.02 |
8,594 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $129,050 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.78M
$5.05M – $6.74M
NOI $404,262 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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 $2,625,000.
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.
