1215 NE 17th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33304- Lake Ridge
$2,225,000 USD
954-818-2936
1215 NE 17th Ave, Fort Lauderdale, FL for Sale
$2,225,000 USD
Apartments - FOR SALE
1/29
null | 5.3% Cap Rate

1215 NE 17th Ave
Fort Lauderdale, FL 33304
Lake Ridge


HIGHLIGHTS

  • Impact Windows and Doors
  • New Roof in 2014
  • Beautifully Updated

OVERVIEW

This beautifully updated multi-family property offers 9 spacious one-bed, one-bath units, each boasting modern finishes and excellent rental potential. Current rents range from $1,600 to $1,900 per month for annual leases. Some units come fully furnished, making them turn-key ready for Airbnb tenants. Roof was replaced in 2014 and underground plumbing in the back building was replaced in 2018. The property features all impact windows. Additionally, a coin-operated washer and dryer generate extra income for the owner. Well-maintained units, manicured grounds, and a desirable location close to local amenities make this an exceptional investment with great upside potential. Don't miss out on this rare opportunity to own a prime piece of real estate in Lakeridge.

FOR SALE DETAILS

PRICE

$2,225,000 USD

PRICE/SF

$467 USD /SF

# OF UNITS

9

PRICE/UNIT

$247,222

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1215-1221 NE 17th Avenue, Fort Lauderdale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,842 SF

ZONING

RC-15

APN/PARCEL ID

49-42-34-02-8750

ASK ABOUT THIS PROPERTY

Lisa StephensonLoKation Real EstateMore Info
954-818-2936

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Lisa StephensonLoKation Real EstateMore Info
954-818-2936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.