3315-3331 SW 15th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33315
$1,980,000 USD
954-245-3492
3315-3331 SW 15th Ave, Fort Lauderdale, FL for Sale
$1,980,000 USD
Apartments - FOR SALE
1/46
null | 5.57% Cap Rate

3315-3331 SW 15th Ave
Fort Lauderdale, FL 33315


HIGHLIGHTS

  • Seller Financing Available to Qualified Buyers – Contact Listing Agent
  • 10 Year Building Recertification was Completed in 2021
  • All Apartments were Renovated by the Seller between 2021-2022
  • Average in Place Rents of $1,676 (1-Bedrooms) and $2,245 (2-Bedrooms)
  • Units Feature Ceramic Tile or Vinyl Wood-Plank Flooring, Black or Stainless Steel Electric Appliances, Individual Hot Water Heaters and Central A/C
  • Average Household Income within 3-Mile Radius $97,079 (Experian)

OVERVIEW

Joseph Thomas and the Thomas Team of Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale The Flats at Edgewood, a nine-unit apartment complex located at 3315-3331 Southwest 15th Avenue in Fort Lauderdale, Florida. The Flats at Edgewood is located at 3315-3331 Southwest 15th Avenue in the Edgewood neighborhood of Fort Lauderdale, Florida. The properties were built in 1951 of concrete block and stucco, total 6,620 adjusted square-feet and encompass a 37,258 square-foot lot, according to the Broward County Property Appraiser. The unit mix consists of (7) one-bedroom | one-bathroom apartments with an average in-place rent of $1,676 per month and (2) two-bedroom | one-bathroom apartments with an average in-place rent of $2,245 per month. Residents are responsible for their own electricity, while water, sewer and trash are included in the rent. Units feature ceramic tile or vinyl wood-plank flooring, updated kitchens and bathrooms featuring granite countertops, wood cabinets, tiled showers, black or stainless-steel electric appliances, individual hot water heaters and central air conditioning. Common area amenities include ample parking and on-site laundry facilities.

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

9

PRICE/UNIT

$220,000

CAP RATE

5.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Edgewood Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,258 SF

ZONING

RM-15

APN/PARCEL ID

50-42-21-01-0730

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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