1116-1118 15Th Ave Fort Lauderdale, FL 33304
- Apartment buildings
- 1,120 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1116-1118 15Th Ave
- Year built
- 1952
- Property size
- 1,120 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This meticulously updated 1,120 square foot duplex in Fort Lauderdale, Florida offers a compelling investment opportunity. Built in 1952 and situated on a spacious 6,502 square foot lot zoned RC15, this property boasts two one-bedroom, one-bathroom units, each featuring modern kitchens, updated appliances, new roofing, electrical and plumbing systems, impact windows and doors, and new AC units. Both units are currently rented, providing a consistent income stream with tenants responsible for water and electricity. The property currently yields a 5% capitalization rate, but offers significant potential for increased return on investment through future development. The generous lot size allows for potential expansion, such as adding a pool or a third unit. Conveniently located near shops, restaurants, and public transportation, this property also includes both front and gated parking. This duplex presents an ideal investment for those seeking rental income with substantial upside potential, or for owner-occupants looking to supplement their income. The asking price is $616,550.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1285
- Latitude
- 26.1397
