4761 NE 21st Ter – Lighthouse Point, FL

Case Study Coastal Legacy Property Management

4761 NE 21st Ter – Lighthouse Point, FL

This multi-family property in Lighthouse Point is a strong example of a high-income asset in a premium South Florida market. The property features approximately 2,760 sq ft with multiple units, designed to generate consistent rental income while benefiting from long-term appreciation.

Originally acquired for approximately $800,000, the property is now estimated to be valued near $1.4M, representing significant appreciation in a high-demand coastal area.

The asset currently generates $8,440/month ($101,280 annually) in gross income. After expenses, this positions the property to deliver:

  • Estimated ROI: 8% – 10% annually
  • Estimated Cap Rate: 6% – 7%
  • Appreciation Since Purchase: ~75%+ increase in value

With a multi-unit structure and strong rental demand, the property benefits from stable occupancy and diversified income streams.

Through effective management—including tenant placement, rent optimization, and proactive maintenance—the asset is positioned for both consistent cash flow and long-term value growth.

This case demonstrates how a well-located multi-family property in Lighthouse Point can deliver reliable income, strong appreciation, and scalable long-term returns when managed with discipline.

Our Methodology

How We Unlocked The Property's Potential

Targeted Cosmetic Refresh

We don't do full demolitions unless needed. We focus on "High-Perception" areas—kitchen, master bath, and lighting—where $1 spent equals $5 in rental value.

Dynamic Pricing Engine

Using real-time South Florida market data, we positioned the listing at the absolute peak of the market curve while maintaining 0% vacancy risk.

Institutional-Grade Vetting

We secured a 24-month lease with a corporate executive, ensuring stable, long-term cash flow for the property owner.

Verified Owner Testimony

I was impressed by how quickly the Coastal Legacy team transformed my property. Their recommendations were simple but incredibly effective. Within weeks, the townhome looked modern and appealing, and we secured a great tenant at a much higher rent than before.
Michael D.

Ready for a similar transformation?

Whether you have one condo or a portfolio of properties, our asset-first approach ensures you’re never leaving money on the table.