Legal 8-Plex with
1415 Southwest 1st Street Unit 18 Fort Lauderdale, FL 33312
For Sale
$1,649,000
Pending
Legal 8-plex includes a detached 3/1 home, seven 1/1 units, on-site laundry, and plenty of parking.
Property Size4,910 SF
Days on Market147
Property Features for 1415 Southwest 1st Street Unit 18
General Information
- Standard status
- Pending
- Size
- 4,910 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1975
Listing Agency:
Canvas Real Estate
(954) 297-4884
Listed By:
Jamie Deal · License #3271017
(954) 297-4884
Source:
Compass
Added: Feb 26
Changed: Jul 21
Last Checked: Jul 23 at 9:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Canvas Real Estate
Investment Insights
Based on property information with market context.
This legal 8-plex investment property includes a detached 3-bedroom, 1-bath home plus seven 1-bedroom, 1-bath apartments. The offering includes four fully furnished vacation rental units and four long-term rental units, with electrical individually metered for the units. An on-site laundry facility supports resident needs, and the property has plenty of parking on site.
The property is zoned RML-25, which may provide development potential. Located in Sailboat Bend in downtown Fort Lauderdale, it is positioned for convenient access to Las Olas Blvd, restaurants, nightlife, the beach, FLL airport, the cruise port, and public transportation.
The property is zoned RML-25, which may provide development potential. Located in Sailboat Bend in downtown Fort Lauderdale, it is positioned for convenient access to Las Olas Blvd, restaurants, nightlife, the beach, FLL airport, the cruise port, and public transportation.
Key Highlights
- Legal 8‑plex with 2 total stories: detached 3 bed/1 bath home plus seven 1 bed/1 bath apartments
- Four fully furnished vacation rental units and four long‑term units
- On‑site laundry facility and plenty of parking
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.4k | $28.80 |
| − Vacancy | −$7.4k | −$1.50 |
| EGI | $134.1k | $27.30 |
| − OpEx | −$60.3k | −$12.29 |
| NOI | $73.7k | $15.02 |
4,910 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$921.6K – $1.23M
NOI $73,730 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $230,966 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Legal 8-plex includes a detached 3/1 home, seven 1/1 units, on-site laundry, and plenty of parking.
Where is this apartment building located?
The property is located at 1415 Southwest 1st Street Unit 18 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Legal 8‑plex with 2 total stories: detached 3 bed/1 bath home plus seven 1 bed/1 bath apartments; Four fully furnished vacation rental units and four long‑term units; On‑site laundry facility and plenty of parking
