1201 NE 15th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304- Lake Ridge
$1,980,000 USD
954-245-3492
1201 NE 15th Ave, Fort Lauderdale, FL for Sale
$1,980,000 USD
Apartments - FOR SALE
1/13
null | 5.39% Cap Rate

1201 NE 15th Ave
Fort Lauderdale, FL 33304
Lake Ridge


HIGHLIGHTS

  • Renovated 9-Unit Apartment Building Just North of Sunrise Boulevard along Northeast 15th Ave
  • (8) One-Bedroom | One-Bathroom Apartments and (1) Two-Bedroom | Two-Bathroom Apartment
  • Main Electrical Replace in 2015, New Roof in 2018, 40/10 Year Recertification Completed in 2021
  • Walkable to Publix, Walgreens, Holiday Park, Baptist Health Ice-Plex, Jimmy Evert Tennis Center
  • Just a Short Drive to Downtown Fort Lauderdale, the Beach, Galleria Mall and Las Olas Boulevard
  • Convenient Access to Sunrise Boulevard, State Road A1A, Federal Highway (US-1), Interstate 95

OVERVIEW

1201 Northeast 15th Avenue was constructed in 1960 and comprises (one) single-story concrete block building with a painted stucco exterior and shingle roof. The property offers 4,431 square feet of total building area with an estimated 4,425 square feet of total leasable area and sits on an 11,204-square-foot lot (0.26 acres), according to the Broward County Property Appraiser. The unit mix includes (4) one-bedroom/one-bathroom units, (4) one-bedroom/one-bathroom furnished units, and (1) two-bedroom/two-bathroom unit. The property features on-site laundry facilities, wall air conditioning units and paved asphalt parking. 1201 Northeast 15th Avenue is located in east Fort Lauderdale, Florida, offering residents convenient access to Sunrise Boulevard, Federal Highway (US-1), and State Road A1A. The surrounding 1-mile area reports an average household income of $119,832 and population growth of 8.60% since 2010 according to Experian. Residents are within close proximity to major retail and employment centers and a short drive to Downtown Fort Lauderdale, Fort Lauderdale–Hollywood International Airport, Port Everglades, and the Broward County Convention Center. Surrounding area retailers and points of interest include Publix Super Market at Sunrise Boulevard (0.2 miles), Walgreens Pharmacy (0.3 miles), Dunkin’/Talkin’ Tacos/Trek Bicycles/Panda Express (0.3 miles), TD Bank (0.5 miles), Holiday Park/Baptist IcePlex/The Parker (0.6 miles), Pet Supermarket (0.7 miles), Truist Bank (0.8 miles), Home Depot (1.0 miles), Amped Fitness (1.0 miles), Galleria Mall (1.4 miles) and Hugh Taylor Birch State Park (1.7 miles). Additionally just a short drive from the property are Beaches (1.9 miles), Brightline Fort Lauderdale Station (2.4 miles), Broward County Convention Center (4.4 miles), Port Everglades (5.8 miles), and Fort Lauderdale–Hollywood International Airport (6.6 miles).

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

9

PRICE/UNIT

$220,000

CAP RATE

5.39%

% 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

1960

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,204 SF

ZONING

RM-15

APN/PARCEL ID

49-42-34-02-9400

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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