9-Unit Multifamily with Redevelopment
3315 SW 15th Avenue Unit 19 Fort Lauderdale, FL 33315
3315 SW 15th Avenue Unit 19, Fort Lauderdale, FL, 33315
$1,995,000
For Sale
$1,995,000
Nine income-producing units sit on a 37,000 SF lot with a unit mix of six one-bedrooms and three two-bedrooms.
Property Size9,000 SF
Lot Size0.85 Acres
Price / SF$221.67
Days on Market40
Property Features for 3315 SW 15th Avenue Unit 19
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.85 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1951
Listing agency
London Foster Realty
(954) 263-5234
Listed by
Joseph Iaciofano · License #R11165434
(954) 263-5234
Source
Lehmannflorida
Added: Jun 13 Updated: Jul 21 at 1:40PM Checked: Jul 22 at 5:03AM
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 London Foster Realty
Investment Insights
Based on property information with market context.
This 9-unit multifamily property includes three two-bedroom units and six one-bedroom units. The configuration features six standalone cottages plus three additional detached units, offering operational flexibility while maintaining income-producing residential units.
The property is located near downtown Fort Lauderdale with convenient access to major routes. It is approximately one minute from I-95, about 3.5 miles from Las Olas Boulevard, and roughly 4.5 miles from Fort Lauderdale Beach.
The site is described as a large 37,000 SF development parcel. Properties directly across the street have been redeveloped into new-construction townhomes, and the offering notes a potential to construct up to nine townhomes (approximately 2,200 SF each), subject to independent verification of zoning, density, approvals, and development requirements by the buyer.
The property is located near downtown Fort Lauderdale with convenient access to major routes. It is approximately one minute from I-95, about 3.5 miles from Las Olas Boulevard, and roughly 4.5 miles from Fort Lauderdale Beach.
The site is described as a large 37,000 SF development parcel. Properties directly across the street have been redeveloped into new-construction townhomes, and the offering notes a potential to construct up to nine townhomes (approximately 2,200 SF each), subject to independent verification of zoning, density, approvals, and development requirements by the buyer.
Key Highlights
- 9 income‑producing units on a 37,000 SF lot (year built 1951)
- Unit mix includes six 1‑bedroom units and three 2‑bedroom units
- Property includes six standalone cottages plus three additional detached units
Local 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 | $259.2k | $28.80 |
| − Vacancy | −$13.5k | −$1.50 |
| EGI | $245.7k | $27.30 |
| − OpEx | −$110.6k | −$12.29 |
| NOI | $135.1k | $15.02 |
9,000 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $135,147 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.05M
$5.29M – $7.06M
NOI $423,360 @ 7.0% cap · market cap 21.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Nine income-producing units sit on a 37,000 SF lot with a unit mix of six one-bedrooms and three two-bedrooms.
Where is this apartment building located?
The property is located at 3315 SW 15th Avenue Unit 19 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 9 income‑producing units on a 37,000 SF lot (year built 1951); Unit mix includes six 1‑bedroom units and three 2‑bedroom units; Property includes six standalone cottages plus three additional detached units
