Price Reduced 2.82%

$1,895,000

Est. Mortgage $9,833/mo *

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Price History

$1,950,000
2/28/2025

$1,895,000
5/20/2025

1415 SW 1st Ave, #1-8, Fort Lauderdale, FL, 33312

1415 SW 1st Ave, #1-8, Fort Lauderdale, FL, 33312
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1974

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.

Status:

Active

Type:

Commercial

Units:

8

Zoning:

RML-25

Garage:

Common

Cooling:

Wall/Window Unit(s)

Parking:

12-car

Acreage:

0.32

Est. Taxes:

$23,170

Construction

Block,Frame

Days on Market:

81

MLS #:

A11753988

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Canvas Real Estate Phone: 954-880-2550