Canal-front rental building with its own dock
Small apartment building on a wide canal, offered privately by a long-term owner. Mostly two-bedroom units, every unit leased per the owner's rent roll, rents below the waterfront market, impact windows throughout, and a dock on the water.
A small, well-kept rental building on navigable water in northeast Fort Lauderdale, with a rear deck and dock facing the canal. Most units are two-bedroom, and the owner reports impact windows throughout, a recently resurfaced roof and updated electrical.
The return case is simple: rents in place sit below what waterfront two-bedrooms achieve nearby, so income rises as leases renew. It suits a buyer who wants a small, durable coastal asset rather than a repositioning.
Verified buyers receive the address, the rent roll, the owner’s expense schedule, and our own reconciliation of it — which, as on most small waterfront buildings, needs insurance and tax figures a buyer can actually underwrite.
Property highlights
- Canal frontage with a private dock and a waterfront deck
- Every unit leased, per the owner's rent roll
- Mostly two-bedroom, two-bath units — the layout waterfront renters look for
- Rents below the waterfront market, with room to move on renewal
- Impact windows throughout, roof recently resurfaced, electrical updated (owner-reported)
- A short drive to downtown Fort Lauderdale and the beaches
Property details
- Unit mix
- Mostly 2-bed / 2-bath, plus 1-bed / 1-bath
- Unit sizes
- About 700–1,400 sq ft
- Building
- Two-story walk-up
- Vintage
- 1970s
- Lot
- About a fifth of an acre
- Waterfront
- Canal with dock
- Windows
- Impact windows throughout
- Roof
- Flat roof, recently resurfaced
- Parking
- On-site surface parking
- Occupancy
- All units leased (owner's rent roll)
Financial snapshot
Seller-reported · not yet verified by us- Gross income (annual)
- $110K–$120K
- Operating expenses (annual)
- $25K–$32K
- Net operating income
- $80K–$90K
- Cap rate (stated)
- 5.25%–5.5%
- Rent roll, operating statement and our reconciliation
- After the NDA
As reported by the owner and not yet verified. The insurance figure excludes windstorm and flood cover, the schedule has no management, vacancy or reserves, and property taxes will be reassessed on sale — underwrite accordingly. Our line-by-line reconciliation goes to verified buyers with the rent roll.
Likely to suit
- Value-add
- 1031 exchange
Brought to market September 2026.
Why isn't the address here?
Because the owner asked us to keep it private — that is usually the reason a property comes to us instead of going to market. Verified buyers get everything.
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