1115 NE 15th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304- Lake Ridge
$1,150,000 USD
954-461-7642
1115 NE 15th Ave, Fort Lauderdale, FL for Sale
$1,150,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1115 NE 15th Ave
Fort Lauderdale, FL 33304
Lake Ridge


OVERVIEW

This five-unit property, each with an individual folio, operates as a high-performing vacation rental and must be sold together. The mix includes two 1/1s, two studios, and one 2/2 (currently on an annual lease). Each unit has separate meters, its own washer/dryer, and generated $127K+ in 2014. The condo association can be terminated for flexible ownership or resale. Just one block from Publix and 1.6 miles from Fort Lauderdale Beach, this prime location ensures strong occupancy and demand. CLIENT HAS 6 OTHER PROPERTIES FOR SALE IN AREA WITH SIMILAR PROFILE.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

5

PRICE/UNIT

$230,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RM-15

APN/PARCEL ID

49-42-34-DJ-0040

ASK ABOUT THIS PROPERTY

Derek DettmanDettman PropertiesMore Info
954-461-7642

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Derek DettmanDettman PropertiesMore Info
954-461-7642

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.