1415 SOUTH WEST 1ST STREET #1-8, Fort Lauderdale
$1,845,000 USD
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| Address | 1415 SOUTH WEST 1ST STREET #1-8, Fort Lauderdale |
| Type of Property | Income / MultiFamily |
| Type of Business | Commercial / Residential Income, Residential-Multi-Family |
| Business Location | City Location,In Residential Area |
| Price | $1,845,000 |
| Previous Price | $1,895,000 (47 days ago) |
| Property Status | Active |
| MLS Number | A11814830 |
| Property Size | 13802 |
| Lot Size | 13802 |
| Year Built | 1974 |
| Parking Space Number | 12 |
| Folio Number | 504209180300 |
| Zoning Information | RML-25 |
| Days on Market | 96 |
Detailed 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 one bed / one bath apartments. Five fully furnished vacation rental units, 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 to Las Olas Blvd, restaurants, nightlife, Beach, FLL airport, cruise port and public transportation, making it an ideal location for rentals and excellent site for new construction.
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Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33312 |
| Address | 1415 SOUTH WEST 1ST STREET |
| Business Location | City Location,In Residential Area |
Financial Information
| Price | $1,845,000 |
| Price per Foot | $0 |
| Previous Price | $1,895,000 |
| Folio Number | 504209180300 |
| Tax Amount | $23,170 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed 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 one bed / one bath apartments. Five fully furnished vacation rental units, 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 to Las Olas Blvd, restaurants, nightlife, Beach, FLL airport, cruise port and public transportation, making it an ideal location for rentals and excellent site for new construction. |
| Roof Description | Shingle |
| Floor Description | Tile, Vinyl |
| Cooling Description | Wall / Window Unit (s) |
| Heating Description | Central Gas, Wall / Window Units |
| Water Description | Public |
| Sewer Description | Public Sanitation |
| Parking Description | Common |
Property parameters
| Living Area | 13802 |
| Lot Size | 13802 |
| Total Acreage | 0.320 |
| Zoning Information | RML-25 |
| Maximum Leasable Size | 13802 |
| Year Built | 1974 |
| Type of Property | Income / MultiFamily |
| Type of Business | Commercial / Residential Income, Residential-Multi-Family |
| Construction Type | CBS Construction,Frame |
| Stories Number | 1 |
| Street Direction | South West |
| Parking Space Number | 12 |
| Listed with | Canvas Real Estate |