526 NW 15TH Way

Highlights:

• Lot Features: 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre, Fenced
• Building Features: Barbeque, Outside Storage
• Gross Income: 120000
• Bathrooms Total: 0
• Documents Available: Other Documents Available
• Architectural Style: One Story
• Cooling: Ceiling Fan(s), Wall/Window Unit(s)
• Heating: Electric, Gas, Heat Pump/Reverse Cycle, Window/Wall
• Electric: Circuit Breakers
• Flooring: Tile, Wood
• Construction Materials: Concrete Block Construction, CBS Construction, Stucco

Description:

Multi-family investment opportunity with immediate cash flow: 5 rentable units on one 11,300 SF lot in Fort Lauderdale. A fourplex (4-plex) with four 2BD/1BA units at $1,800/month each, plus a separate 4BD/2BA single-family home at $2,800/month, for $10,000/month and $120,000 in gross annual income. NOI of approximately $74,000 for a 6.2% CAP rate. Tenants in place. CBS block construction, with sufficient parking, fenced backyard with gazebo and BBQ area, and no HOA. A separate outbuilding currently used for storage offers value-add upside, with potential conversion to a laundry facility or additional living space, subject to applicable approvals. Ideal for investors seeking multiple income streams, rental income and future upside. Lot size and property information based on BCPA records.

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Listing ID: B26065700