Highlights
• Six-unit apartment building on El Mar Drive, directly across from the beach in Lauderdale-by-the-Sea. • Strong local demographics with $137K average household income and 7.2% population growth within one mile. • Unit mix: 2 studios, 1 one-bedroom, and 3 two-bedrooms, averaging ~615 SF. • All tenants are month-to-month, offering flexibility for short-term rental conversion. • Prime walkable location near the beach, Anglin’s Pier, shops, and restaurants. • Easy access to A1A, Commercial Blvd, and US-1.
Description
The Thomas Team of Marcus & Millichap is pleased to present Sunny Shores, a six-unit multifamily property located at 4213 El Mar Drive in Lauderdale-by-the-Sea, Florida. Built in 1954, the two-story concrete block and stucco building features a flat roof, 3,694 square feet of living area, and sits on a 5,758-square-foot lot. The unit mix includes two studios, one one-bedroom/one-bath unit, and three two-bedroom/one-bath units, all offering ceramic tile flooring, updated kitchens and bathrooms, stainless steel appliances, and central air conditioning. While currently operated as traditional apartments, the property’s layout, prime location, and historical use also position it well for short-term or seasonal rentals, subject to local regulations. Ideally situated along El Mar Drive near Commercial Boulevard and just one block west of A1A, Sunny Shores is within walking distance of the beach and numerous dining and retail destinations, with additional attractions and conveniences nearby. Lauderdale-by-the-Sea is known for its small-town coastal charm, pedestrian-friendly environment, and thriving tourism market, offering an appealing setting for both residents and visitors. Sunny Shores is offered at $2,500,000, or $416,667 per unit.
Listing Details
- Cap Rate
2.21%
- Space Type
Hospitality
- Sub Category
Hotel
- Date Listed
12/3/2025
- Ownership Info
Fee Simple
- Broker/Agent Co-op
No
- Investment Type
Value Add
- Net Operating Income
$55,279
- Parking Info
6 Spaces
Property Specifics
- Property Name
Sunny Shores | 4213 El Mar Dr
- Property Class
C
- No of Buildings
1
- No of Stories
2
- No of Units
6
- Year Built
1954
- Building Size
3,694 SF
- Lot Size
5,758 SF
- APN
4943-18-01-1630
- Zoning
RM-25
- Occupancy
100%