800 15Th St Fort Lauderdale, FL 33316
- Grocery and convenience stores
- 2,106 SF
- 0.27 lot acres
Current Use by Public Records
- USA Grocers / Convenience Store
- Western Union / Money Transfer Service
Property Details for 800 15Th St
- Year built
- 1967
- Construction
- CONCRETE
- Lot size
- 0.27 lot acres
- Property size
- 2,106 SF
- Zone code
- CB
- Property type
- Grocery and convenience stores
- APN
- 49-42-35-09-0660
- APU
- 494235090660
Description
This exceptional 1964-built duplex in Fort Lauderdale, Florida offers a compelling investment opportunity. Situated at 800 SE 15th St, 33316, in Broward County, this single-story property boasts 1,314 square feet and comprises two units, promising steady rental income. Its prime location, just minutes from Fort Lauderdale International Airport, Port Everglades, and the Downtown Financial District, ensures high occupancy rates. The property's proximity to Las Olas Beach (approximately 3 miles) and a thriving business community further enhances its appeal to professionals seeking convenient housing. The asking price is $589,000. This multifamily property presents a strong addition to any investment portfolio, capitalizing on the robust rental demand in this desirable Fort Lauderdale neighborhood. The property's convenient location and strong rental potential make it an attractive option for investors seeking a stable and profitable investment in a high-growth area. The two units provide a diversified income stream, minimizing risk and maximizing return. This is a rare opportunity to acquire a well-located, income-producing property in a highly sought-after area of Fort Lauderdale. The property's solid construction and established rental history make it a low-risk, high-reward investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $350,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $295,000
- Mixed-Use
- $340,000
- Hospitality
- $360,000
- Educational
- $290,000
- Residential Income
- $285,000
- Energy
- $385,000
- Income-Based Land
- $355,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1357
- Latitude
- 26.1464
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
