RARE VICTORIA PARK 5-PLEX 560 NE 15th Ave 3800 Unit Apartment Building $1,249,900 ($329/Unit) 6.50% Cap Rate Fort Lauderdale, FL 33301

Exceptional fully stabilized 5-plex investment opportunity on a prime corner lot in the highly sought-after Victoria Park, with multi-million dollar properties all around. Each unit features 1 bed/1 bath, with some bathrooms recently remodeled, and three units already updated with new waterproof vinyl floors, high hats, new mini-splits, and new appliances. Four units are currently occupied under month-to-month leases: 2 at just below-market rents (long-term tenants) & 2 new at as-is market value, plus 1 unit with a new annual lease at the current market price. The property is extremely well-maintained and in excellent overall condition, making it ready for immediate occupancy or poised for even more strategic upgrades to maximize rental income. Great property and location for short-term rental. I've attached the revenue projections. Significant capital improvements have already been completed, including a new roof (2023) and all new (6) electrical panels.
Additionally, a separate laundry room offers extra value for tenants as an attractive amenity in Victoria Park.
Don’t miss this rare chance to secure an asset in a renowned location with/long-term value & appreciation. The property currently has 5 tenants, so please do not disturb them.