526 NW 15TH Way, Fort Lauderdale, FL 33311
- $1,200,000
- 4,009
- SqFt
- List Price
- $1,200,000
- Status
- ACTIVE
- Days on Market
- 25
- MLS#
- B26065700
- Subtype
- Residential Income
- Year Built
- 1957
- Living Area
- 4,009
- Acres
- 0.26
- Subdivision
- Dorsey Park First Add
- Neighborhood
- FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
- MLS Area Major
- 3460
Property Description
Exceptional investment opportunity offering immediate cash flow, generating approximately $120,000 in annual revenue and a 7.5% CAP rate. The 11,300 SF lot features a 4-bedroom, 2-bath single-family home generating $2,800/month in rental income, plus a quadplex with four 2-bedroom, 1-bath units generating $1,800/month per unit, for an additional $7,200/month. An additional building is currently used for storage and may offer potential for conversion to a laundry facility or additional living space, providing an opportunity for additional income, subject to applicable approvals. A strong opportunity for investors seeking multiple income-producing units, existing cash flow, and future upside. Lot size and property information are based on BCPA records.
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Additional Information
- Exterior Features
- Barbecue, Storage
- Taxes
- $21,674
- Flooring
- Tile, Wood
- Heating
- Electric, Heat Pump, Natural Gas, Wall Furnace
- Air Conditioning
- Ceiling Fan(s), Ductless, Heat Pump, Wall/Window Unit(s)
- Exterior Construction
- Block, Stucco
- Stories
- 1
- Levels
- One
- Roof
- Flat
- Elementary School
- North Fork
- Middle School
- Parkway
- High School
- Stranahan
Listing courtesy of Keller Williams Realty Consult. Contact:
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All listings featuring the RAPB + GFLR logo are provided by the Realtors® of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2019 Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
Agent: Michael Topow | Email: mtopow@kw.com