633 NW 15th Ter - Apartments FOR SALE


Fort Lauderdale, FL 33311
$595,000 USD
301-213-9692
633 NW 15th Ter, Fort Lauderdale, FL for Sale
$595,000 USD
Apartments - FOR SALE
1/22
null | 7% Cap Rate

633 NW 15th Ter
Fort Lauderdale, FL 33311


HIGHLIGHTS

  • New Roof, Stucco, and Paint in 2024
  • Very close to Downtown Fort Lauderdale and Flagler Village new developments
  • One of the last opportunities for high demand affordable housing in South Florida

OVERVIEW

Three large units, each with a one-bedroom and one-bathroom layout, identical across all. A brand-new roof was installed in October 2024. Additionally, the building underwent a complete re-stuccoing, painting, and sealcoating in the same year. Units 1 and 3 are long-term tenants, with rents at $1,500 and $1,425, respectively. Unit 2, recently renovated (refer to listing photos), is projected to rent for $1,600 monthly. Each apartment includes a living room, bedroom, bathroom, kitchen with full-sized appliances, and a bonus room. The total potential monthly rent is $4,800. Tenants are responsible for their electricity, while the landlord pays water expenses, averaging about $220 monthly. Features include hardwood cabinets and high ceilings. Please refrain from interacting with or disturbing the current tenants. Unit 2 is unoccupied and can be shown to prospective buyers. Property is within the CRA Boundary and Opportunity Zone.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

3

PRICE/UNIT

$198,333

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Fort Lauderdale Tri-plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,487 SF

ZONING

RC-15

APN/PARCEL ID

50-42-04-23-0230

ASK ABOUT THIS PROPERTY

Christopher MurphyBeckett Realty Advisors, LLCMore Info
301-213-9692

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Christopher MurphyBeckett Realty Advisors, LLCMore Info
301-213-9692

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