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615-617 NE 9th Ave 5 Unit Apartment Building $2,235,000 ($447,000/Unit) Fort Lauderdale, FL 33304
Investment Highlights
- Located in Fort Lauderdale’s Lake Ridge neighborhood, offering close proximity to downtown and major commercial districts
- Includes desirable features such as central air and electric heating systems for efficiency and comfort
- Situated near US-1, providing convenient access to regional roadways and nearby retail, dining, and service destinations
- Property rests within an established residential area minutes from entertainment venues, cultural destinations, and Fort Lauderdale Beach
Executive Summary
Amazing Victoria Park Investment Opportunity! Two income-producing multifamily properties (5+ units total) feature 10BR/7BA, 9 parking spaces, and a brand-new roof on one building. Units are fully furnished, beautifully decorated, and turn-key rented. Includes impact windows/doors and renovated kitchens with stainless appliances. Fully gated with lush courtyards, grill area, 2 laundry rooms, Tesla charger, and a heated pool oasis with exterior lighting. Incredible east Fort Lauderdale location blocks from Holiday Park Tennis, Panthers Iceplex, Las Olas shops, and minutes to the beach.
Property Facts
| Price | $2,235,000 | Building Class | C |
| Price Per Unit | $447,000 | 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 | $2,235,000 |
| Price Per Unit | $447,000 |
| 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 |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 1 | - | - |
| 3+2 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,760,850 | |
| Land Assessment | $337,500 | Total Assessment | $2,098,350 |
Property Taxes
Parcel Numbers
Land Assessment
$337,500
Improvements Assessment
$1,760,850
Total Assessment
$2,098,350
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Coastal Preferred Properties L
615-617 NE 9th Ave
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