Listed by Matthews
$2,100,000
2210 Northwest 7th Court
Details
Property Type Multifamily
Square Footage 6,892
Units 10
Cap Rate 5.88%
NOI $118,958
Occupancy 100%
Price per SqFt $305
Year Built 1965
Fully Renovated, 100% Occupied 10-Unit Multifamily with Value-Add Upside in Fort Lauderdale
Investment highlights
- All 2-Bedroom Units: 100% two-bedroom layout throughout, offering strong rental demand and above-average rent potential for the submarket.
- Value-Add Opportunity: Below-market rents with significant upside through interior renovations and rent repositioning.
- Individually Metered: Each unit individually metered, allowing tenants to pay their own electric and reducing owner utility expenses.
- On-Site Laundry: Amenity that drives tenant retention and provides potential additional income.
- Dedicated Parking: Dedicated off-street parking with one space per unit, a coveted feature in this market.
- Garden-Style Building: Classic South Florida architecture with exterior walkways and ample natural light.
- Flat Roof: Roof is visible and accessible; ideal for evaluation and future capital improvement budgeting.
- Mature Landscaping: Tree-lined lot provides shade and curb appeal throughout the property, also requires minimal landscaping costs.
- 100% Occupancy: Tenants in place at closing, providing strong immediate cash flow.
- Recertification Completed: Recertification was last completed in 2020.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,958.00
$9,913.17/mo
Valuation Metrics
0
DSCR
5.66%
Cap Rate
5.66%
ROI
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