740 NW 4th Ave
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740 NW 4th Ave
4 Unit Apartment Building $1,050,000 ($262,500/Unit) 6.59% Cap Rate Fort Lauderdale, FL 33311
Investment Highlights
- 40 year certification NOT required.
- Hurricane Impact Door & Windows.
- Stainless Steel Appliances.
- Roof from October 2023.
- Mini-Split Ac System
- Upgraded Landscaping.
Executive Summary
Remodeled 4 unit building with all Two bedroom One Bath units.
W/D in all units.
SS Appliances
Hurricane Impact Windows
New Roof
Mini Splits
(4) Two Bedroom one Bath Units, each with its own private backyard and in unit W/D.
W/D in all units.
SS Appliances
Hurricane Impact Windows
New Roof
Mini Splits
(4) Two Bedroom one Bath Units, each with its own private backyard and in unit W/D.
Property Facts
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $262,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,863 SF |
| Cap Rate | 6.59% | No. Stories | 1 |
| No. Units | 4 | Year Built/Renovated | 1962/2023 |
| Property Type | Multifamily | Parking Ratio | 1.04/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,050,000 |
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 6.59% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,863 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2023 |
| Parking Ratio | 1.04/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- Gated
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 900 |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 49-42-34-07-0470 | Improvements Assessment | $340,330 |
| Land Assessment | $33,750 | Total Assessment | $374,080 |
PROPERTY TAXES
Parcel Number
49-42-34-07-0470
Land Assessment
$33,750
Improvements Assessment
$340,330
Total Assessment
$374,080
zoning
| Zoning Code | RMM-25 (Residential Mid-Rise Multifamily) |
| RMM-25 (Residential Mid-Rise Multifamily) |
-
Johnathan Ibarra-Blackmoon -
Astra Property Group
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740 NW 4th Ave
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