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1201 NE 15th Ave
Fort Lauderdale, FL 33304
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Renovated 9-Unit Apartment Building Just North of Sunrise Boulevard along Northeast 15th Ave
- Main Electrical Replace in 2015, New Roof in 2018, 40/10 Year Recertification Completed in 2021
- Just a Short Drive to Downtown Fort Lauderdale, the Beach, Galleria Mall and Las Olas Boulevard
- (8) One-Bedroom | One-Bathroom Apartments and (1) Two-Bedroom | Two-Bathroom Apartment
- Walkable to Publix, Walgreens, Holiday Park, Baptist Health Ice-Plex, Jimmy Evert Tennis Center
- Convenient Access to Sunrise Boulevard, State Road A1A, Federal Highway (US-1), Interstate 95
Executive Summary
1201 Northeast 15th Avenue was constructed in 1960 and comprises (one) single-story concrete block building with a painted stucco exterior and shingle roof. The property offers 4,431 square feet of total building area with an estimated 4,425 square feet of total leasable area and sits on an 11,204-square-foot lot (0.26 acres), according to the Broward County Property Appraiser. The unit mix includes (4) one-bedroom/one-bathroom units, (4) one-bedroom/one-bathroom furnished units, and (1) two-bedroom/two-bathroom unit. The property features on-site laundry facilities, wall air conditioning units and paved asphalt parking.
1201 Northeast 15th Avenue is located in east Fort Lauderdale, Florida, offering residents convenient access to Sunrise Boulevard, Federal Highway (US-1), and State Road A1A. The surrounding 1-mile area reports an average household income of $119,832 and population growth of 8.60% since 2010 according to Experian. Residents are within close proximity to major retail and employment centers and a short drive to Downtown Fort Lauderdale, Fort Lauderdale–Hollywood International Airport, Port Everglades, and the Broward County Convention Center.
Surrounding area retailers and points of interest include Publix Super Market at Sunrise Boulevard (0.2 miles), Walgreens Pharmacy (0.3 miles), Dunkin’/Talkin’ Tacos/Trek Bicycles/Panda Express (0.3 miles), TD Bank (0.5 miles), Holiday Park/Baptist IcePlex/The Parker (0.6 miles), Pet Supermarket (0.7 miles), Truist Bank (0.8 miles), Home Depot (1.0 miles), Amped Fitness (1.0 miles), Galleria Mall (1.4 miles) and Hugh Taylor Birch State Park (1.7 miles). Additionally just a short drive from the property are Beaches (1.9 miles), Brightline Fort Lauderdale Station (2.4 miles), Broward County Convention Center (4.4 miles), Port Everglades (5.8 miles), and Fort Lauderdale–Hollywood International Airport (6.6 miles).
1201 Northeast 15th Avenue is located in east Fort Lauderdale, Florida, offering residents convenient access to Sunrise Boulevard, Federal Highway (US-1), and State Road A1A. The surrounding 1-mile area reports an average household income of $119,832 and population growth of 8.60% since 2010 according to Experian. Residents are within close proximity to major retail and employment centers and a short drive to Downtown Fort Lauderdale, Fort Lauderdale–Hollywood International Airport, Port Everglades, and the Broward County Convention Center.
Surrounding area retailers and points of interest include Publix Super Market at Sunrise Boulevard (0.2 miles), Walgreens Pharmacy (0.3 miles), Dunkin’/Talkin’ Tacos/Trek Bicycles/Panda Express (0.3 miles), TD Bank (0.5 miles), Holiday Park/Baptist IcePlex/The Parker (0.6 miles), Pet Supermarket (0.7 miles), Truist Bank (0.8 miles), Home Depot (1.0 miles), Amped Fitness (1.0 miles), Galleria Mall (1.4 miles) and Hugh Taylor Birch State Park (1.7 miles). Additionally just a short drive from the property are Beaches (1.9 miles), Brightline Fort Lauderdale Station (2.4 miles), Broward County Convention Center (4.4 miles), Port Everglades (5.8 miles), and Fort Lauderdale–Hollywood International Airport (6.6 miles).
Property Facts
| Price Per Unit | $220,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.39% | Building Size | 4,431 SF |
| Gross Rent Multiplier | 10.59 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-15 - Residential Multi-Family | ||
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 10.59 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 4,431 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | RM-15 - Residential Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 475 |
| 2+2 | 1 | - | 750 |
Property Taxes
| Parcel Number | 49-42-34-02-9400 | Improvements Assessment | $1,665,930 |
| Land Assessment | $61,620 | Total Assessment | $1,727,550 |
Property Taxes
Parcel Number
49-42-34-02-9400
Land Assessment
$61,620
Improvements Assessment
$1,665,930
Total Assessment
$1,727,550
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