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.
Property Details
Price:
$1,950,000
MLS #:
A11753988
Status:
Active
Beds:
0
Baths:
0
Address:
1415 SW 1st Ave # 8
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Fort Lauderdale
Listed Date:
Feb 28, 2025
State:
FL
Finished Sq Ft:
4,910
Total Sq Ft:
4,910
ZIP:
33312
Lot Size:
13,802 sqft / 0.32 acres (approx)
Year Built:
1974
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Tile, Vinyl
Exterior
Construction Materials
C B S Construction, Frame
Parking Features
Common
Parking Spots
12
Roof
Shingle
Security Features
Other Fire Protection, Smoke Detector(s)
Financial
Tax Year
2024
Taxes
$23,170
Map
Community
- Address1415 SW 1st Ave # 8 Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33312
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1415 SW 1st Ave # 8
Fort Lauderdale, FL
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