526 NW 15TH Way, Fort Lauderdale, FL 33311

About This Home

Multi-family investment opportunity with immediate cash flow: 5 rentable units on one 11,300 SF lot in Fort Lauderdale. A fourplex (4-plex) with four 2BD/1BA units at $1,800/month each, plus a separate 4BD/2BA single-family home at $2,800/month, for $10,000/month and $120,000 in gross annual income. NOI of approximately $74,000 for a 6.2% CAP rate. Tenants in place. CBS block construction, with sufficient parking, fenced backyard with gazebo and BBQ area, and no HOA. A separate outbuilding currently used for storage offers value-add upside, with potential conversion to a laundry facility or additional living space, subject to applicable approvals. Ideal for investors seeking multiple income streams, rental income and future upside. Lot size and property information based on BCPA records.

Property Details

Flooring

Tile, Wood

Heating

Electric, Gas, Heat Pump/Reverse Cycle, Window/Wall

Cooling

Ceiling Fan(s), Wall/Window Unit(s)

Architectural Style

One Story

Building & Association

Stories

1

Stories Total

1

Association

No

Association Fee

0

Pets Allowed

No, Yes

Lot & Construction

Lot Features

1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre, Fenced

Lot Size Square Feet

11,300

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, CBS Construction, Stucco

Roof

Flat Tile, Flat Roof With Facade Front

Exterior Features

Barbeque

New Construction

No

Public Records

Parcel Number

504204240470

Tax Annual Amount

$21,674

Tax Year

2,025

Zoning

RS-8

County Or Parish

Broward County

Location