4475 SW 54th Ct
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4475 SW 54th Ct
4 Unit Apartment Building $1,200,000 ($300,000/Unit) 7.24% Cap Rate Fort Lauderdale, FL 33314
Investment Highlights
- Across the Street from the Famous Seminole Hard Rock Hotel & Casino
- Currently grossing $9000 in Monthly Income
- Two Units are 2 Bed/1 Bath and Two Units are 1 Bed/1 Bath
- Turnkey & Solid Investment in a Prime Location
Executive Summary
Rare opportunity! High-income multi family operating as a 4-unit Airbnb/vacation rental directly across from the Seminole Hard Rock Hotel & Casino. Professionally managed by a 5-star SuperHost, this fully booked, designer-furnished property is truly turn-key, including all furnishings and supplies. Flexible layout allows rental as two 3/2 units or a combination of two 2/1 units and two 1/1 units. Currently generating approximately $9,000 in monthly income through short-term rentals but can be rented annually for similar returns. Convenient walking distance to the Guitar Hotel. Tenant-occupied, please do not disturb. Contact listing agent for financials and performance details.
Financial Summary (Pro forma - 2024) 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 (Pro forma - 2024) 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 Under Contract
| Price | $1,200,000 | Apartment Style | Garden |
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 7.24% | Building Size | 3,164 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1976/2006 |
| Property Subtype | Apartment | Parking Ratio | 1.9/1,000 SF |
| Price | $1,200,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 3,164 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1976/2006 |
| Parking Ratio | 1.9/1,000 SF |
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,500 | - |
| 1+1 | 2 | $2,000 | - |
1 of 1
zoning
| Zoning Code | RM-1 - RESIDENTIAL (Can build 9 units on this lot.) |
| RM-1 - RESIDENTIAL (Can build 9 units on this lot.) |
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4475 SW 54th Ct
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