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Property profile & analytics
OFF-MARKET
Assisted living facilities

735 15th Ave1-6 Fort Lauderdale, FL 33304-2928

4,024 SF 0.31 ac lot Built 1957
Individually Owned 20-yr Hold ~ Est. High Equity
Property ID
US18-0216140
Property summary
AI-generated overview

This exceptional 4-unit apartment building, built in 1968, presents a compelling investment opportunity in the vibrant Fort Lauderdale, Florida market. Located at 735 NE 15th St, in Broward County, zip code 33304 (26.146758, -80.136208), this single-story property boasts a total of 2,270 square feet. Each of the four units has been thoughtfully modernized, featuring vintage-inspired living spaces, sleek kitchens equipped with top-of-the-line appliances, and high-impact windows and doors. Residents enjoy the comfort of quiet, customizable mini-split AC systems and durable, seamless modern flooring throughout. Private patios offer a tranquil retreat, surrounded by lush landscaping. The property's prime location offers easy access to desirable areas. It's situated steps from the NE 13th Street Corridor (Studio City), just 6 minutes from the FATVillage Arts District, 5 minutes from Wilton Manors, and 13 minutes from the beach. The asking price for this turnkey investment is $1,099,000. This property's strong cash flow and desirable location make it an ideal addition to any investment portfolio. Don't miss this chance to acquire a successful, established property in a thriving Florida market.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1957
Construction CONCRETE
Total area 4,024 SF
Lot 0.31 ac (13,500 SF)
Zoning code RMM-25
APN 49-42-34-07-3070
UPID US18-0216140
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Air b&b Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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by Request
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Blend (final) Blend
by Request
Owner & transaction history
Treatment Solution Of South Florida · 20 yrs held
Treatment Solution Of South Florida
since 2006
7 recorded transactions
2006
$1.1M
1998
$530,000
1997
$220,000
1997
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RMM-25 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RMM-25 district is intended for mid-rise multifamily residences and tourist accommodations. The RMM-25 district has a maximum density of 25 dwelling units per net acre and a maximum density of 30 hotel/motel or nursing home rooms per net acre

Zone name Residential Multifamily Mid Rise And Medium High Density
General category RESIDENTIAL
Zone area 1,345.88 ac
Source Realmo
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