Fort Lauderdale Luxury & Waterfront Homes

1225 NE 15th Ave

Fort Lauderdale , FL 33304

MLS#: A10442641

$949,900

Status: Closed
Listing number: A10442641
Listing provided by: Ocean Vista Properties Inc.
Listing agent phone: None
Last update: 4 years ago
On site: 7 years ago
Browse Properties
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1959

Sq.Footage

N/A

Multifamily complex cash flowing at a 8.5%+ CAP rate on offered price from day 1. The property has 2 buildings with $119K in annual income with zero vacancy (all tenants on annual leases), landlord pays electric, water, and trash. Expenses total $36K. Irrigation system with well and pump in place. Prime time big size lot with future development potential. Located in the desirable neighborhood of Fort Lauderdale, situated between Lake Ridge and Wilton Manors, 5 minute drive to the beach, Las Olas, and Galleria mall. Perfect opportunity for investor to benefit from the multifamily rental growth in Fort Lauderdale and build some serious equity.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Wall/Window Unit(s)

  • Heating YN

    YES

  • Heating

    Central, Electric, Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    Other

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $949,900

  • Tax Amount

    $9,172

  • Zoning

    RM-15

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Water Source

    Private, Public, Well

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Location

County

Broward

Elementary School

Middle School

High School

Listing Courtesy of Brandon Kochen , Ocean Vista Properties Inc.

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Damian Cannon

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(278) 445-7669

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Multifamily complex cash flowing at a 8.5%+ CAP rate on offered price from day 1. The property has 2 buildings with $119K in annual income with zero vacancy (all tenants on annual leases), landlord pays electric, water, and trash. Expenses total $36K. Irrigation system with well and pump in place. Prime time big size lot with future development potential. Located in the desirable neighborhood of Fort Lauderdale, situated between Lake Ridge and Wilton Manors, 5 minute drive to the beach, Las Olas, and Galleria mall. Perfect opportunity for investor to benefit from the multifamily rental growth in Fort Lauderdale and build some serious equity.

1225 NE 15th Ave

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