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    OFF-MARKET
    Small apartment buildings

    4220 Seagrape Dr, Lauderdale-by-the-Sea, FL 33308

    Built 1956
    Entity Owned
    Property ID
    US18-4657938
    Property summary
    AI-generated overview

    This exceptional four-unit apartment building presents a lucrative investment opportunity in the highly desirable Lauderdale-by-the-Sea, Florida. Located at 4220 Seagrape Dr, 33308, this 1956-built, single-story property boasts a prime location within walking distance of the beach and local entertainment. The property features three identical two-bedroom, two-bathroom units and one larger three-bedroom, three-and-a-half-bathroom unit, all meticulously renovated to modern standards. Each unit includes its own washer and dryer. The complex is enhanced by a private pool, ideal for relaxation and guest enjoyment. The units are individually rentable, making this property perfectly suited for short-term rentals such as Airbnb. Significant upgrades include new PVC plumbing extending to the street and a complete electrical system overhaul. This fully renovated property offers a luxurious retreat in a sought-after coastal location, promising exceptional returns for investors and homeowners alike. The asking price is $3,199,000. This turnkey investment is ready for immediate income generation. Don't miss this chance to own a piece of paradise in Lauderdale-by-the-Sea.

    Property profile
    Verified
    Property type Small apartment buildings
    Year built 1956
    UPID US18-4657938
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Pennsylvania Growers LLC
    Pennsylvania Growers LLC
    since 2025
    6 recorded transactions
    2025
    $3.0M
    2022
    2022
    $1.6M
    2020
    $1.3M
    2019
    $1.1M
    2017
    $980,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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