Property summary
This exceptional 192-unit apartment community in Lauderhill, Florida, presents a compelling value-add investment opportunity. Priced at $45,900,000 ($239,062.50 per unit), this fee-simple property boasts a 5.38% cap rate and a strong NOI of $2,468,468. The property comprises two buildings (a 5-story and a 6-story structure) totaling 179,231 square feet, with 152,730 square feet of net rentable space. Built in 1978 and 1981, the property underwent extensive renovations in 2023/2024, including… new roofs, impact windows and doors, railings, electrical panels, and exterior repairs. Interior renovations included updated kitchens and bathrooms, flooring, appliances, and HVAC systems in occupied units. The property features 192 units (a mix of one- and two-bedroom layouts), with an 80% occupancy rate as of January 1, 2024. Amenities include ample parking (1.42 spaces per unit) and a convenient location near major thoroughfares (Florida Turnpike, I-95, State Road 7), airports, and employment centers, including the Hard Rock Hotel and Casino. The property sits on a 5.56-acre lot and is within walking distance of Lauderhill City Hall. The current rent range is $1600-$1900, with several units under construction expected to increase occupancy and revenue. This property offers significant upside potential through continued lease-up and potential rent increases. The property is located at 2601 and 2611 NW 56th Ave, Lauderhill, FL 33313.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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