1415 1st Ave #1-8 ,Commercial for Sale

1415 1st Ave #1-8 for Sale

Price $1,950,000.00

• Lot size 13802
• Year Build 1974
• Waterfront
• Zip 33312
• Style
• Parking Description Common
• Pool Yes
• Status Active

Description

Legal 8-Plex Investment Opportunity with Vacation Rental Income and Development Potential in the highly desirable Sailboat Bend neighborhood of downtown Fort Lauderdale! This 8-plex features a 3-bed/1-bath detached home and 7 1 bed/1 bath apartments. 5 fully furnished vacation rental units (including 3/1 home) and 3 units long-term. The property offers immediate income with the potential to increase cash flow and raise the cap rate in year one. Zoned RML-25 for development potential. Plenty of parking. On-site laundry facility. Electrical individually metered units. Ideal location close to Las Olas Boulevard, restaurants, nightlight, beach, FLL airport, Cruise Port and public transportation, making it an ideal location for rentals and prime site for new construction.

Appointment only, tenant occupied, call listing agent. Financials supplied upon request.

RIVER HIGHLANDS AMEN PLAT 15-69 B LOT 16,17 BLK 6

City Location, In Residential Area

Legal 8-Plex Investment Opportunity with Vacation Rental Income and Development Potential in the highly desirable Sailboat Bend neighborhood of downtown Fort Lauderdale! This 8-plex features a 3-bed/1-bath detached home and 7 1 bed/1 bath apartments. 5 fully furnished vacation rental units (including 3/1 home) and 3 units long-term. The property offers immediate income with the potential to increase cash flow and raise the cap rate in year one. Zoned RML-25 for development potential. Plenty of parking. On-site laundry facility. Electrical individually metered units. Ideal location close to Las Olas Boulevard, restaurants, nightlight, beach, FLL airport, Cruise Port and public transportation, making it an ideal location for rentals and prime site for new construction.

City:Fort Lauderdale,Zoning:RML-25,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Flooring:1:Vinyl,Latitude:26.1040518,Cooling Y N:1,List Price:1950000,Listing Id:A11753988,Longitude:-80.1438391,Mls Status:Active,Year Built:1974,Inclusions:Building & Land,Fixtures,Furniture, Furniture/Fixtures,Postal Code:33312,Street Name:1st Ave,Unit Number:1-8,Coordinates:1:26.1040518,Lot Features:1:In Residential Area,Photos Count:31,Business Type:1:Residential-Multi-Family,Days On Market:13,Listing Terms:1:Conventional/Refinance,2:Exchange,Lot Size Acres:0.32,Lot Size Units:Square Feet,M I A M I R E_ Area:3470,On Market Date:2025-02-28,Parcel Number:504209180300,Parking Total:12,Property Type:Commercial Sale,Stories Total:1,Street Number:1415,Public Remarks:Legal 8-Plex Investment Opportunity with Vacation Rental Income and Development Potential in the highly desirable Sailboat Bend neighborhood of downtown Fort Lauderdale! This 8-plex features a 3-bed/1-bath detached home and 7 1 bed/1 bath apartments. 5 fully furnished vacation rental units (including 3/1 home) and 3 units long-term. The property offers immediate income with the potential to increase cash flow and raise the cap rate in year one. Zoned RML-25 for development potential. Plenty of parking. On-site laundry facility. Electrical individually metered units. Ideal location close to Las Olas Boulevard, restaurants, nightlight, beach, FLL airport, Cruise Port and public transportation, making it an ideal location for rentals and prime site for new construction.,County Or Parish:Broward County,List Office Name:Canvas Real Estate,Private Remarks:Appointment only, tenant occupied, call listing agent. Financials supplied upon request.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1555,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:23170,Unparsed Address:1415 SW 1st Ave # 8, Fort Lauderdale FL 33312,Building Features:1:Natural Gas,Listing Agreement:Exclusive Right To Sell,Security Features:1:Smoke Detector(s),Building Area Total:4910,Building Area Units:Square Feet,Lot Size Square Feet:13802,Number Of Buildings:2,Original List Price:1950000,Public Survey Range:50,Documents Available:1:Other Available Information,2:Owner Managed,3:Rent Rolls,4:Existing Survey,I D X Participation Y N:1,Syndication Remarks:Legal 8-Plex Investment Opportunity with Vacation Rental Income and Development Potential in the highly desirable Sailboat Bend neighborhood of downtown Fort Lauderdale! This 8-plex features a 3-bed/1-bath detached home and 7 1 bed/1 bath apartments. 5 fully furnished vacation rental units (including 3/1 home) and 3 units long-term. The property offers immediate income with the potential to increase cash flow and raise the cap rate in year one. Zoned RML-25 for development potential. Plenty of parking. On-site laundry facility. Electrical individually metered units. Ideal location close to Las Olas Boulevard, restaurants, nightlight, beach, FLL airport, Cruise Port and public transportation, making it an ideal location for rentals and prime site for new construction.,Listing Contract Date:2025-02-28,Originating System I D:miamire,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:1415,Tax Legal Description:RIVER HIGHLANDS AMEN PLAT 15-69 B LOT 16,17 BLK 6,Public Survey Township:50,Construction Materials:1:Frame,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Prime and legal 8-Plex Investment Opportunity with Vacation Rental Income and Development Potential in Sailboat Bend in Fort Lauderdale!,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-02-28,Internet Address Display Y N:1,Number Of Units In Community:8,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,