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Active
526 NW 15th Way Fort Lauderdale, FL 33311
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Income/Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10491389
Construction Status Resale
HOA Y/N Yes
Total Fin. Sqft 11300
Year Built 1957
Annual Tax Amount $18,659
Tax Year 2024
Lot Size 0.259 Acres
Property Sub-Type Income/Multi-Family
Property Description
Discover an outstanding investment opportunity, generating immediate cash flow from day one, with a CAP rate exceeding 8%. The first property consists of a Single Family home (4 beds, 2 baths), generating $3,000/month in rental income. Additionally, there's a quadplex on the lot, with four 2/1 units, generating $1,800/month per unit for a total of $8000/month. The property also includes an extra building currently being used for storage, which could potentially be converted into a laundry facility, or another living space offering an opportunity for additional revenue. The total lot size is 11,300 sqft. The second lot is vacant and zoned Residential. It's 5,650 sqft in size, offering development potential. All lot sizes and details are pulled directly from BCPA for accuracy.
Location
State FL
County Broward County
Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)
Zoning RS-8
Interior
Flooring Tile Floors
Exterior
Water Access N
Private Pool No
Building
Foundation Concrete Block Construction, Cbs Construction
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional/Refinance
Listing Terms Cash, Conventional/Refinance
Listed by Keller Williams Realty Consult