The 4th Ave Apartments | 1236 NW 4th Ave
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The 4th Ave Apartments 1236 NW 4th Ave
6 Unit Apartment Building $900,000 ($150,000/Unit) 6.46% Cap Rate Fort Lauderdale, FL 33311
Investment Highlights
- 100% Occupied
- Lot size: ±13,513 SF (± 0.31 ACRES)
- 22% Upside in rents with month-to-month leases
- Located in an Opportunity Zone
Executive Summary
This multifamily investment property offers a prime opportunity to capitalize on a 22% upside in rents with month-to-month leases. The property is ideally located within an Opportunity Zone, providing potential tax benefits to the investor.
Download OM Here: https://www.matthews.com/properties/mf-4th-ave-apartments-fort-lauderdale-fl/
Download OM Here: https://www.matthews.com/properties/mf-4th-ave-apartments-fort-lauderdale-fl/
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$104,100
|
$24.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,205
|
$1.24
|
| Effective Gross Income |
$98,895
|
$23.51
|
| Taxes |
$13,006
|
$3.09
|
| Operating Expenses |
$27,767
|
$6.60
|
| Total Expenses |
$40,773
|
$9.69
|
| Net Operating Income |
$58,122
|
$13.82
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $104,100 |
| Annual Per SF | $24.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,205 |
| Annual Per SF | $1.24 |
| Effective Gross Income | |
|---|---|
| Annual | $98,895 |
| Annual Per SF | $23.51 |
| Taxes | |
|---|---|
| Annual | $13,006 |
| Annual Per SF | $3.09 |
| Operating Expenses | |
|---|---|
| Annual | $27,767 |
| Annual Per SF | $6.60 |
| Total Expenses | |
|---|---|
| Annual | $40,773 |
| Annual Per SF | $9.69 |
| Net Operating Income | |
|---|---|
| Annual | $58,122 |
| Annual Per SF | $13.82 |
Property Facts
| Price | $900,000 | Apartment Style | Garden |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6.46% | Building Size | 4,207 SF |
| Gross Rent Multiplier | 8.65 | No. Stories | 1 |
| No. Units | 6 | Year Built | 1984 |
| Property Type | Multifamily | Parking Ratio | 0.67/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $900,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| Gross Rent Multiplier | 8.65 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 4,207 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 0.67/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,244 |
| 2+1 | 1 | - | 800 |
| 1+1 | 1 | - | 600 |
| Studios | 3 | - | 350 - 511 |
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PROPERTY TAXES
| Parcel Number | 49-42-34-03-4520 | Total Assessment | $579,070 |
| Land Assessment | $67,570 | Annual Taxes | $13,006 ($3.09/SF) |
| Improvements Assessment | $511,500 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
49-42-34-03-4520
Land Assessment
$67,570
Improvements Assessment
$511,500
Total Assessment
$579,070
Annual Taxes
$13,006 ($3.09/SF)
Tax Year
2024
zoning
| Zoning Code | RD-15 (RD-15 Multifamily) |
| RD-15 (RD-15 Multifamily) |
Contacts
-
Gabriel Pena -
Connor Kerns -
Austin Graham -
Matthews Real Estate Investment Services
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The 4th Ave Apartments | 1236 NW 4th Ave
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