4900 10Th Ave Fort Lauderdale, FL 33309

This exceptional value-add opportunity presents a six-unit apartment building located at 4900 NW 10th Ave, Fort Lauderdale, Florida, 33309. The property, built in 1973, boasts a total of 4,628 square feet across two stories and includes nine parking spaces. The building consists of two 2-bedroom, 1.5-bathroom units and four 1-bedroom, 1-bathroom units, generating a substantial monthly rent roll of $10,155. The average rent for the 2-bedroom units is $1,937, while the 1-bedroom units average $1,570 per month. On-site laundry facilities are included and are owned by the property. The property is classified as a Class C multifamily building and offers a compelling 5.70% cap rate with a Net Operating Income (NOI) of $71,194. The asking price is $1,250,000, translating to a price per unit of $208,333.33. The property's APN is 4942 16 04 0200. This is an excellent opportunity for investors seeking a strong return in the thriving Fort Lauderdale market. The central air conditioning and convenient location add to the property's appeal. This property is a solid investment with potential for future appreciation.