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3031 NE 21st Ave
Fort Lauderdale, FL 33306 Coral Shores

$1,575,000 USD

Apartments For Sale • 4,995 SF

Property Details

Property Type Apartments
Total Building Size 4,995 SF
Lot Size 0.28 AC
Building Class C
Year Built 1963
Cap Rate 5.30 %
Zoning RMM-25

39 Transit Score

83 Walk Score

                
                    Highlights
                
                                Significant Value-Add Opportunity in Prime East Fort Lauderdale Location
                            
                                Majority of Units Have Updated Kitchens & Bathrooms, Accordion Storm Shutters
                            
                                CBS Construction with Central Air Conditioning in All Units
                            
                                Large 0.28 Acre Lot, Private Rear Yards & Interior Courtyard
                            
                                Updated Electric Panels, Separate Electric Meters & Water Meters
                            
                                Secure On-Site Laundry Facility & In-Unit Laundry in Two Units

Property Flyers

3031 Ocean Ridge - Executive Summary - Agents

Financial Summary (Actual)

Net Operating Income: $83,473 USD (2025)

Cap Rate:	5.30 %
Total Expenses:	$52,252 USD

Amenities

Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	9 min	-	4.2 mi
Fort Lauderdale (Mainline - Brightline)	10 min	-	4.7 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	20 min	-	11.8 mi
Miami International	57 min	-	37.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes

Austin Michels 954-245-3439 Marcus & Millichap

3031 NE 21st Ave Fort Lauderdale, FL 33306 Coral Shores