Discover an outstanding investment opportunity, generating immediate cash flow from day one, with a CAP rate exceeding 8%. The first property consists of a Single Family home (4 beds, 2 baths), generating $3,000/month in rental income. Additionally, theres a quadplex on the lot, with four 2/1 units, generating $1,800/month per unit for a total of $8000/month. The property also includes an extra building currently being used for storage, which could potentially be converted into a laundry facility, or another living space offering an opportunity for additional revenue. The total lot size is 11,300 sqft. The second lot is vacant and zoned Residential. Its 5,650 sqft in size, offering development potential. All lot sizes and details are pulled directly from BCPA for accuracy.
- Address 526 NW 15th Way
- City Fort Lauderdale
- County Broward County
- Zip 33311
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Price
$1,400,000
($349 / SqFt) - Status Active
- Subdivision
- Pets Allowed No
- MLS® # F10493079
- Property Type Residential Income
- Property Sub TypeFourplex
- Status Active
- Square Feet 4,009
- Year Built 1957
- Waterfront No
- Maintenance Fees No Info Provided None
- Taxes $18,659
- Tax Year 2024