2121 NE 51st Ct
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2121 NE 51st Ct
3 Unit Apartment Building $1,250,000 ($416,667/Unit) 4.44% Cap Rate Fort Lauderdale, FL 33308
Investment Highlights
- Resort style triplex with pool less than 2 miles from the beach
Executive Summary
Resort-style Triplex in East Fort Lauderdale! Instant income generator, Fully renovated property with brand new roof and impact windows with a private pool nestled amidst lush tropical landscaping, offering residents a luxurious retreat. With two newly repaved driveways accommodating up to six vehicles, convenience is paramount and location is key! Each unit is rented for long term rental. Perfect for 1031 Exchange and passive investors. Don't miss out on this lucrative investment opportunity!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $416,667 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,350 SF |
| Cap Rate | 4.44% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2023 |
| Property Subtype | Apartment | Parking Ratio | 2.39/1,000 SF |
| Apartment Style | Garden |
| Price | $1,250,000 |
| Price Per Unit | $416,667 |
| Sale Type | Investment |
| Cap Rate | 4.44% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,350 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2023 |
| Parking Ratio | 2.39/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Yard
- Built-In Bookshelves
- Freezer
Site Amenities
- Pool
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 1 | - | - |
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (72)
zoning
| Zoning Code | RM-10 (RESIDENTIAL MULTIPLE FAMILY (10 DU/AC)) |
| RM-10 (RESIDENTIAL MULTIPLE FAMILY (10 DU/AC)) |
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2121 NE 51st Ct
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