560 NE 15th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33301- Victoria Park
$1,249,900 USD
954-639-1615
560 NE 15th Ave, Fort Lauderdale, FL for Sale
$1,249,900 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

560 NE 15th Ave
Fort Lauderdale, FL 33301
Victoria Park


HIGHLIGHTS

  • VICTORIA PARK NEIGHBORHOOD IS ONE OF THE BEST AREAS IN BROWARD COUNTY
  • UNITS CAN BE RENTED RIGHT AWAY
  • HIGHLY DESIRABLE RESIDENTIAL AREA WITH MULTI MILLION DOLLAR PROPERTIES AROUND
  • SEPARATE BUILDING FOR STORAGE AND LAUNDRY
  • CORNER LOT

OVERVIEW

Exceptional 5-plex investment opportunity on a prime corner lot in the highly sought-after Victoria Park. Each unit features 1 bed/1 bath, with some bathrooms recently remodeled, and three units already updated with new waterproof vinyl floors, high hats, new mini-splits, and new appliances. 3 units are currently occupied under month-to-month leases: 2 at below-market rents (long-term tenants) & 1 new at market value, plus 1 unit with a new annual lease at the current market price. Last unit is expected to go on the market and the building will be fully stabilized soon. The property is extremely well-maintained and in excellent overall condition, making it ready for immediate occupancy or poised for even more strategic upgrades to maximize rental income. Great property and location for short-term rental. I've attached the revenue projections. Significant capital improvements have already been completed, including a new roof (2023) and new electrical panels. Additionally, a separate laundry room offers extra value for tenants as an attractive amenity in Victoria Park. Don’t miss this rare chance to secure an asset in a renowned location with/long-term value & appreciation. The property currently has 4 tenants, so please do not disturb them.

FOR SALE DETAILS

PRICE

$1,249,900 USD

PRICE/SF

$399 USD /SF

# OF UNITS

5

PRICE/UNIT

$249,980

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

RARE VICTORIA PARK 5-PLEX

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,359 SF

ZONING

RC-15

APN/PARCEL ID

50-42-02-11-0130

ASK ABOUT THIS PROPERTY

Ana MattosPremier Investments RealtyMore Info
954-639-1615

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Ana MattosPremier Investments RealtyMore Info
954-639-1615

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