
$1,200,000
Apartment for Sale, 526 NW 15TH Way, Fort Lauderdale, Florida 33311
- MLS#B26065700
372 m² (4,009 ft²)
Listed By Keller Williams Realty Consult
The Apartment for Sale located at 526 NW 15TH Way, Fort Lauderdale, Florida 33311 is currently for sale.
Description
Exceptional investment opportunity offering immediate cash flow, generating approximately $120,000 in annual revenue and a 7.5% CAP rate. The 11,300 SF lot features a 4-bedroom, 2-bath single-family home generating $2,800/month in rental income, plus a quadplex with four 2-bedroom, 1-bath units generating $1,800/month per unit, for an additional $7,200/month. An additional building is currently used for storage and may offer potential for conversion to a laundry facility or additional living space, providing an opportunity for additional income, subject to applicable approvals. A strong opportunity for investors seeking multiple income-producing units, existing cash flow, and future upside. Lot size and property information are based on BCPA records.
Location
526 NW 15TH Way, Fort Lauderdale, Florida 33311
Property features
Property
- Property size:
372 m² (4,009 ft²) - Other building structures: ShedExtra Building/Shed
Lot/Land
- Land/Lot size:
1,050 m² (11,300 ft²) - Lot Description: Fenced
Construction
- Year built: 1957
- Roofing: Flat Tile
- Roof type: Flat
- Construction: Cbs ConstructionConcrete/Block
- Exterior: Stucco
Interior Features
- Floors: TileWood
recreational
- recreational: Barbeque
Heating and Cooling
- Heating System: Heat PumpElectricGas
- Cooling System: Ceiling FanWall Or Window Units
Utilities
- Other utilities: SewerPublicPublic Sewer
Community
School information
- High School: Stranahan
- Middle School: Parkway Middle
- Elementary School: North Fork