1415 SW 1st Ave

Highlights:

• Lot Features: City Location, In Residential Area
• Building Features: Laundry Facilities, Natural Gas
• Number Of Buildings: 2
• Documents Available: Aerial Photo(S), Other Available Information, Owner Managed, Rent Rolls, Existing Survey
• Cooling: Wall/Window Unit(s)
• Flooring: Tile, Vinyl
• Construction Materials: CBS Construction, Frame
• Parking Features: Common
• Security Features: Other Fire Protection, Smoke Detector(s)

Description:

Legal 8-Plex Investment Opportunity with Vacation Rental Income and Development Potential in the highly desirable Sailboat Bend neighborhood of downtown Fort Lauderdale! This 8-plex features a 3-bed/1-bath detached home and 7 1 bed/1 bath apartments. 5 fully furnished vacation rental units (including 3/1 home) and 3 units long-term. The property offers immediate income with the potential to increase cash flow and raise the cap rate in year one. Zoned RML-25 for development potential. Plenty of parking. On-site laundry facility. Electrical individually metered units. Ideal location close to Las Olas Boulevard, restaurants, nightlight, beach, FLL airport, Cruise Port and public transportation, making it an ideal location for rentals and prime site for new construction.