1220-1226 NE 15th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304- Lake Ridge
$5,750,000 USD
561-789-7208
1220-1226 NE 15th Ave, Fort Lauderdale, FL for Sale
$5,750,000 USD
Apartments - FOR SALE
1/103
null | 5.08% Cap Rate

1220-1226 NE 15th Ave
Fort Lauderdale, FL 33304
Lake Ridge


HIGHLIGHTS

  • NEW CONSTRUCTION BUILT IN 2023
  • 100% LEASED ON TWO YEAR LEASES
  • LUXURY FINISHES WITH PRIVATE POOLS

OVERVIEW

100% LEASED! Discover this rare opportunity to own a stunning 2023-built, luxury townhome complex consisting of four townhomes in the heart of Fort Lauderdale! These exceptional townhomes include a gated entrance for extra security and each townhome offers 4 spacious bedrooms, 4 elegant bathrooms, two car garage and a private pool. Each townhome features approximately 2,500 Living SF and the corner unit is the largest of the four units, boasting nearly 3,500 living SF and breathtaking views. With contemporary open-concept living spaces, sleek kitchens, and a prime location, this is a unique investment in upscale living. Less than a year old, properties like this are nearly impossible to find. Located in the heart of Fort Lauderdale, this luxury complex is minutes from Las Olas Boulevard, Fort Lauderdale Beach, and Hugh Taylor Birch State Park. Enjoy luxury living with private pools, breathtaking views, and easy access to top dining, shopping, and entertainment. All four townhomes are occupied and on two year leases and not expiring until Q3 of 2027! This is the perfect cash cow for any investor looking to passively manage a trophy asset or a buyer looking to close a 1031 out! Monthly gross income is $31k with built in annual rent increases. Call today for more details.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$701 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,437,500

CAP RATE

5.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RC-15

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Sean MooneyColdwell Banker Hometown Real EstateMore Info
561-789-7208

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Sean MooneyColdwell Banker Hometown Real EstateMore Info
561-789-7208

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