For Sale
$6,056,900

251 21St WayFort Lauderdale, FL 33312

13 Units, High ROI, Broward County

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fully occupied portfolio of thirteen single-family rental homes, strategically located across desirable areas of Broward County, Florida, including Fort Lauderdale, Deerfield Beach, West Park, and one in Miami-Dade County. The portfolio boasts a total of 15,146 square feet, with an impressive asking price of $6,056,900, translating to a price per square foot of $399.90 and a compelling cap rate of 5.14%. Individual unit prices average $465,915.38. The properties are classified as Class B and offer a mix of lease agreements, including several yearly leases and one month-to-month tenancy, ensuring consistent cash flow. The Fort Lauderdale properties benefit from proximity to key attractions such as Las Olas Boulevard, Fort Lauderdale International Airport, and I-95, enhancing their rental appeal and potential for future appreciation. This portfolio represents a rare opportunity to acquire a diversified, high-performing rental asset in a dynamic South Florida market with strong rental demand and significant growth potential. The portfolio's location in established neighborhoods provides stability and minimizes vacancy risks. This is an ideal investment for those seeking immediate income generation and long-term capital appreciation in a thriving real estate market. The diverse locations within the portfolio offer a degree of risk mitigation, while the overall strong performance suggests a promising return on investment.

Highlights

  • 13 fully occupied single-family rental homes in desirable Broward County (Fort Lauderdale, Deerfield Beach, West Park) and Miami-Dade County, FL.
  • 15,146 square feet, $6,056,900 asking price ($399.90/SF), 5.14% cap rate.
  • Class B properties with a mix of lease terms, averaging $465,915.38 per unit.
  • Fort Lauderdale properties near Las Olas Boulevard, Fort Lauderdale International Airport, and I-95.
  • Strong rental demand and growth potential in South Florida's dynamic market.

Property Details for 251 21St Way

Property type
Residential income homes
Square Feet
15,146 SF
Class
B
Units
13

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.11684104
Longitude
-80.17338298
251 21St Way, Fort Lauderdale, Florida

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251 21St Way
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