1415 SW 1st Ave 1-8 Fort Lauderdale, FL 33312
Single Family Attached
MLS #: A11753988
Courtesy Of Canvas Real Estate
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 8
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Exterior Type: Frame
- Exterior Type: Block
- Floor Covering: Vinyl
- Floor Covering: Tile
- Legal Description: RIVER HIGHLANDS AMEN PLAT 15-69 B LOT 16,17 BLK 6
- MLSID: A11753988
- Parking Spaces: 12
- Roof Type: Shingle
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