The 4th Ave Apartments | 1236 NW 4th Ave
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The 4th Ave Apartments 1236 NW 4th Ave
6 Unit Block of Flats £704,205 (£117,368/Unit) 6.46% Net Initial Yield 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 |
£81,453
|
£19.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£4,073
|
£0.97
|
| Effective Gross Income |
£77,380
|
£18.39
|
| Taxes |
£10,177
|
£2.42
|
| Operating Expenses |
£21,726
|
£5.16
|
| Total Expenses |
£31,903
|
£7.58
|
| Net Operating Income |
£45,478
|
£10.81
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £81,453 |
| Annual Per SF | £19.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £4,073 |
| Annual Per SF | £0.97 |
| Effective Gross Income | |
|---|---|
| Annual | £77,380 |
| Annual Per SF | £18.39 |
| Taxes | |
|---|---|
| Annual | £10,177 |
| Annual Per SF | £2.42 |
| Operating Expenses | |
|---|---|
| Annual | £21,726 |
| Annual Per SF | £5.16 |
| Total Expenses | |
|---|---|
| Annual | £31,903 |
| Annual Per SF | £7.58 |
| Net Operating Income | |
|---|---|
| Annual | £45,478 |
| Annual Per SF | £10.81 |
Property Facts
| Price | £704,205 | Apartment Style | Garden |
| Price Per Unit | £117,368 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Net Initial Yield | 6.46% | Building Size | 4,207 SF |
| Gross Rent Multiplier | 8.65 | Number of Floors | 1 |
| No. Units | 6 | Year Built | 1984 |
| Property Type | Residential | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | £704,205 |
| Price Per Unit | £117,368 |
| Sale Type | Investment |
| Net Initial Yield | 6.46% |
| Gross Rent Multiplier | 8.65 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 4,207 SF |
| Number of Floors | 1 |
| Year Built | 1984 |
| 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 | £404,761 |
| Land Assessment | £52,870 | Annual Taxes | £10,177 (£2.42/sf) |
| Improvements Assessment | £351,891 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
49-42-34-03-4520
Land Assessment
£52,870
Improvements Assessment
£351,891
Total Assessment
£404,761
Annual Taxes
£10,177 (£2.42/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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