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5701 NW 15th St 5701 NW 15th St 3 Unit Apartment Building $650,000 ($216,667/Unit) 6.08% Cap Rate Fort Lauderdale, FL 33313
Investment Highlights
- Fully occupied triplex providing immediate in-place cash flow.
- Individually metered units for efficient expense management.
- Favorable operating profile with the ability to push rents on turnover.
- Strong rent upside with market rents supporting optimistic valuation.
- Low-density asset ideal for small investors and 1031 exchange buyers.
- Located in a stable Broward County rental submarket with consistent demand.
Executive Summary
Broker of Record
Kyle Matthews
License # CQ1066435(FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435(FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $650,000 | Building Class | C |
| Price Per Unit | $216,667 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,260 SF |
| Cap Rate | 6.08% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Zoning | RM-8 | ||
| Price | $650,000 |
| Price Per Unit | $216,667 |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,260 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | RM-8 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
1 1
Property Taxes
| Parcel Number | 49-41-35-06-2030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $574,310 |
Property Taxes
Parcel Number
49-41-35-06-2030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$574,310
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5701 NW 15th St | 5701 NW 15th St
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