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410 SE 13th St 6 Unit Apartment Building £1,426,290 (£237,715/Unit) 5.22% Net Initial Yield Fort Lauderdale, FL 33316
INVESTMENT HIGHLIGHTS
- Turnkey Asset
- New Roof
- Central Air
- Updated Units, Stabilized Rents, Income Ready
- On-Site Coin Laundry
- Updated-Modern Flooring and Kitchens
EXECUTIVE SUMMARY
This fully stabilized asset consists of six fully updated apartments on a 10,125 SF parcel in Southeast Fort Lauderdale, near Downtown, Rio Vista, the Beach, and the Airport. Unit mix includes one 2BR bungalow and five 1BR courtyard apartments with 12 ft. vaulted ceilings. Each unit features modern kitchens, floorings, central A/C, and separately metered electric. With market rents, new roof (2022), no deferred maintenance, and an income-producing laundry facility, this is a turnkey, stabilized investment delivering reliable cash flow in a prime location.
Turnkey Asset – Updated, Stabilized, Income-Ready
1 × Two-Bedroom / One-Bath Bungalow
5 × One-Bedroom / One-Bath Vaulted-Ceiling Courtyard Apartments
New roof (2022) – no deferred maintenance
Updated, modern kitchens and interiors
Separately metered electric – tenants pay utilities
Central A/C & heat in every unit
Income-producing coin-operated laundry facility
9 Parking Spaces
Turnkey Asset – Updated, Stabilized, Income-Ready
1 × Two-Bedroom / One-Bath Bungalow
5 × One-Bedroom / One-Bath Vaulted-Ceiling Courtyard Apartments
New roof (2022) – no deferred maintenance
Updated, modern kitchens and interiors
Separately metered electric – tenants pay utilities
Central A/C & heat in every unit
Income-producing coin-operated laundry facility
9 Parking Spaces
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
| Price | £1,426,290 | Costar Property Class | B |
| Price Per Unit | £237,715 | Total Plot Size | 0.23 ac |
| Sale Type | Investment | Property Size | 3,814 sq ft |
| Yield | 5.22% | Average Occupancy | 100% |
| No. Units | 6 | No. Floors | 1 |
| Property Type | Build-to-Rent | Year Built/Renovated | 1977/2015 |
| Property Subtype | Apartment | Parking Allocation | 2.62/1,000 sq ft |
| Apartment Style | Low-Rise | ||
| Use Class | ROC - ROC zoning in Fort Lauderdale permits Residential and Professional Offices | ||
| Price | £1,426,290 |
| Price Per Unit | £237,715 |
| Sale Type | Investment |
| Yield | 5.22% |
| No. Units | 6 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.23 ac |
| Property Size | 3,814 sq ft |
| Average Occupancy | 100% |
| No. Floors | 1 |
| Year Built/Renovated | 1977/2015 |
| Parking Allocation | 2.62/1,000 sq ft |
| Use Class | ROC - ROC zoning in Fort Lauderdale permits Residential and Professional Offices |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Tile Floors
- Vaulted Ceiling
- Tub/Shower
- Patio
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
Walk Score®
Easily Walkable (87)
Bike Score®
Good for cycling (82)
PROPERTY TAXES
| Parcel Number | 50-42-15-10-2720 | Total Assessment | £413,661 |
| Land Assessment | £0 | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
50-42-15-10-2720
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£413,661
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2025
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410 SE 13th St
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