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Sailboat Bend House & Apartments Complex 1415 SW 1st St 8 Unit Apartment Building $1,749,000 ($218,625/Unit) 6.06% Cap Rate Fort Lauderdale, FL 33312
INVESTMENT HIGHLIGHTS
- Proximity to Key Places: Minutes from Downtown Fort Lauderdale, FLL International Airport, Beaches, Tri-Rail station, and I-95
- Property Flexibility: Able to rent long term or convert to full vacation rental property.
- Neighborhood: The surrounding area and Sailboat Bend neighborhood is experiencing a wave of new residential development and value increase.
EXECUTIVE SUMMARY
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 the 3/1 home) and 3 units long-term rentals month to month. Updated units. 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- 12 spaces.On-site laundry machines owned. 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. Contact listing agent Jamie Deal at 954-440-6783 or jdealrealty@gmail.com for details.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
| Price | $1,749,000 | Apartment Style | Low-Rise |
| Price Per Unit | $218,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6.06% | Building Size | 5,182 SF |
| Gross Rent Multiplier | 9.95 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1975/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.32/1,000 SF |
| Zoning | RML-25 - Multifamily Residential | ||
| Price | $1,749,000 |
| Price Per Unit | $218,625 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| Gross Rent Multiplier | 9.95 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,182 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1975/2024 |
| Parking Ratio | 2.32/1,000 SF |
| Zoning | RML-25 - Multifamily Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Tile Floors
- Family Room
- Lawn
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 650 |
| 3+1 | 1 | - | 913 |
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SFL Real Holdings LLC
Sailboat Bend House & Apartments Complex | 1415 SW 1st St
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