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615-617 NE 9th Ave 5 Unit Apartment Building $2,399,000 ($479,800/Unit) Fort Lauderdale, FL 33304
Executive Summary
Investment Opportunity - Two Multifamily Properties in Victoria Park
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615 & 617 NE 9th Avenue, Fort Lauderdale, FL 33304
The Perfect Turnkey Investment
Totaling 10 Bedrooms | 7 Full Bathrooms | Approx. 4,487 Sq. Ft. | 9 Parking Spaces
Currently operating as short term rentals
________________________________________
615 NE 9th Street
• 3 Bedroom / 2 Bathroom
• 2 Bedroom / 1 Bathroom
• 2 Bedroom / 1 Bathroom
617 NE 9th Street
• 1 Bedroom / 1 Bathroom
• 2 Bedroom / 2 Bathroom (or 1 Bedroom / 1 Bathroom with Private Studio/Office)
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Key Features
• Impact Windows and Doors in all units for added security, energy efficiency, and windstorm protection
• Fully Furnished & Beautifully Decorated: Each unit is ready to rent with stylish décor
• Renovated Bathrooms and Kitchens with stainless steel appliances, offering high-end finishes and modern functionality
• Fully Gated Properties with secure access and multiple exterior walkways
• Charming Courtyards with lush landscaping and a grill area perfect for outdoor gatherings
• Two Onsite Community Laundry Areas for convenience
• Tesla Charging Station for electric vehicle owners
• Heated Pool surrounded by tropical landscaping, creating a serene and inviting atmosphere
• Exterior Lighting designed to enhance the property’s aesthetic appeal in the evening
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Prime Location:
Located in the highly sought-after Victoria Park neighborhood, this property is close to Holiday Park Tennis Center, Iceplex, and the trendy shops and restaurants on Las Olas Boulevard. Enjoy easy access to the beach, just minutes away. With an abundance of dining, shopping, and entertainment options nearby, this is an ideal spot for short-term vacationers or long-term residents.
________________________________________
________________________________________
615 & 617 NE 9th Avenue, Fort Lauderdale, FL 33304
The Perfect Turnkey Investment
Totaling 10 Bedrooms | 7 Full Bathrooms | Approx. 4,487 Sq. Ft. | 9 Parking Spaces
Currently operating as short term rentals
________________________________________
615 NE 9th Street
• 3 Bedroom / 2 Bathroom
• 2 Bedroom / 1 Bathroom
• 2 Bedroom / 1 Bathroom
617 NE 9th Street
• 1 Bedroom / 1 Bathroom
• 2 Bedroom / 2 Bathroom (or 1 Bedroom / 1 Bathroom with Private Studio/Office)
________________________________________
Key Features
• Impact Windows and Doors in all units for added security, energy efficiency, and windstorm protection
• Fully Furnished & Beautifully Decorated: Each unit is ready to rent with stylish décor
• Renovated Bathrooms and Kitchens with stainless steel appliances, offering high-end finishes and modern functionality
• Fully Gated Properties with secure access and multiple exterior walkways
• Charming Courtyards with lush landscaping and a grill area perfect for outdoor gatherings
• Two Onsite Community Laundry Areas for convenience
• Tesla Charging Station for electric vehicle owners
• Heated Pool surrounded by tropical landscaping, creating a serene and inviting atmosphere
• Exterior Lighting designed to enhance the property’s aesthetic appeal in the evening
________________________________________
Prime Location:
Located in the highly sought-after Victoria Park neighborhood, this property is close to Holiday Park Tennis Center, Iceplex, and the trendy shops and restaurants on Las Olas Boulevard. Enjoy easy access to the beach, just minutes away. With an abundance of dining, shopping, and entertainment options nearby, this is an ideal spot for short-term vacationers or long-term residents.
________________________________________
Property Facts
| Price | $2,399,000 | Building Class | C |
| Price Per Unit | $479,800 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,655 SF |
| No. Units | 5 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1957 |
| Apartment Style | Low-Rise | Parking Ratio | 2.15/1,000 SF |
| Zoning | RMM-25 - Allows mid-rise multifamily, townhomes, mixed-use, lodging, parks, schools, and care facilities | ||
| Price | $2,399,000 |
| Price Per Unit | $479,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,655 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 2.15/1,000 SF |
| Zoning | RMM-25 - Allows mid-rise multifamily, townhomes, mixed-use, lodging, parks, schools, and care facilities |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Ceiling Fans
- Dining Room
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Waterfront
- Furnished Units Available
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 1 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,759,040 | |
| Land Assessment | $337,500 | Total Assessment | $2,096,540 |
Property Taxes
Parcel Numbers
Land Assessment
$337,500
Improvements Assessment
$1,759,040
Total Assessment
$2,096,540
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615-617 NE 9th Ave
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