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.
Listing last checked: Listing updated:
Listed by Michael Topow · Keller Williams Realty Consult · MLS #B26065700
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Details at a glance
Interior3 property facts
- Heating
- Natural Gas, Electric, Heat Pump, Wall Furnace
- Cooling
- Ceiling Fan(s), Ductless, Heat Pump, Wall/Window Unit(s)
- Flooring
- Tile, Wood
Building4 property facts
- Style
- Quadruplex
- Year built
- 1957
- Parking
- 10
- Roof
- Flat
Land & utilities4 property facts
- Lot size
- 0.26 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- RS-8
Financial3 property facts
- Annual taxes
- $21,674
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $1,200,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$7,874 / monthAdjust
- Principal & interest
- $6,068
- Property tax
- $1,806
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $21,674. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Lsd
$2,000 · Sold $2,000 · Jun 8, 2024
- Sld
$659,990 · Sold $615,000 · Mar 13, 2021
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About 526 NW 15TH Way
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