Technical
Financial
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Property profile

251 21St Way Fort Lauderdale, FL 33312

OFF-MARKET
Residential income homes
Property ID
US18-5675515
15,146 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied portfolio of thirteen single-family rental homes, strategically located across desirable areas of Broward County, Florida, including Fort Lauderdale, Deerfield Beach, West Park, and one in Miami-Dade County. The portfolio boasts a total of 15,146 square feet, with an impressive asking price of $6,056,900, translating to a price per square foot of $399.90 and a compelling cap rate of 5.14%. Individual unit prices average $465,915.38. The properties are classified as Class B and offer a mix of lease agreements, including several yearly leases and one month-to-month tenancy, ensuring consistent cash flow. The Fort Lauderdale properties benefit from proximity to key attractions such as Las Olas Boulevard, Fort Lauderdale International Airport, and I-95, enhancing their rental appeal and potential for future appreciation. This portfolio represents a rare opportunity to acquire a diversified, high-performing rental asset in a dynamic South Florida market with strong rental demand and significant growth potential. The portfolio's location in established neighborhoods provides stability and minimizes vacancy risks. This is an ideal investment for those seeking immediate income generation and long-term capital appreciation in a thriving real estate market. The diverse locations within the portfolio offer a degree of risk mitigation, while the overall strong performance suggests a promising return on investment.

Property profile

Verified
Property type Residential income homes
Total area 15,146 SF
UPID US18-5675515

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

251 21St Way Fort Lauderdale, FL 33312
Fort Lauderdale metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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