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Edgewood Manor 3315-3331 SW 15th Ave 9 Unit Apartment Building $2,250,000 ($250,000/Unit) Fort Lauderdale, FL 33315
Executive Summary
Property Address
3315–3331 SW 15th Ave Fort Lauderdale, FL 33315
Property Highlights
• Asking Price: $2,250,000
• 12-Month Net Operating Income (NOI): ~$137,850
Seller (Owner) Financing Available
• Down Payment: 35% ($787,500) • Loan Amount: ~$1,462,500
• Interest Rate: 7%
• Term: 5 Years
• Structure: Interest-Only
Seller financing provides a flexible acquisition opportunity with attractive terms, immediate income, and upside potential through rent growth, operational efficiencies, and future refinancing.
3315–3331 SW 15th Ave Fort Lauderdale, FL 33315
Property Highlights
• Asking Price: $2,250,000
• 12-Month Net Operating Income (NOI): ~$137,850
Seller (Owner) Financing Available
• Down Payment: 35% ($787,500) • Loan Amount: ~$1,462,500
• Interest Rate: 7%
• Term: 5 Years
• Structure: Interest-Only
Seller financing provides a flexible acquisition opportunity with attractive terms, immediate income, and upside potential through rent growth, operational efficiencies, and future refinancing.
Property Facts
| Price | $2,250,000 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 0.86 AC |
| Sale Type | Investment | Building Size | 6,620 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1951 |
| Apartment Style | Low-Rise | Parking Ratio | 1.36/1,000 SF |
| Zoning | RM-15 | ||
| Price | $2,250,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 6,620 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | RM-15 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 7 | - | 700 |
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 50-42-21-01-0730 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,466,030 |
Property Taxes
Parcel Number
50-42-21-01-0730
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,466,030
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Edgewood Manor | 3315-3331 SW 15th Ave
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