1201 NE 15th Ave
Fully occupied nine-unit multifamily building in east Fort Lauderdale, Florida, offered at $1,980,000 at a 5.39% cap. The single-story Class C property, built in 1960, comprises eight one-bedroom apartments (four furnished) and one two-bedroom unit, totaling 4,431 SF on a 0.26-acre lot zoned RM-15.
Located on Northeast 15th Avenue with direct access to Sunrise Boulevard, US-1, and State Road A1A, the property sits minutes from Downtown Fort Lauderdale, Fort Lauderdale–Hollywood International Airport, and Port Everglades. The trade area is anchored by Publix, Galleria Mall, and major employment centers, with nearby recreational assets including Holiday Park, Hugh Taylor Birch State Park, and Fort Lauderdale's beaches. The building features on-site laundry, wall-mounted air conditioning, and paved parking. Strong local demographics and continued South Florida population growth support the investment profile.
- 100% occupied, nine-unit multifamily asset
- Diverse unit mix: eight one-bedroom, one two-bedroom (four furnished units)
- Built 1960, well-maintained concrete block construction
- Minutes from FLL airport, Port Everglades, and Downtown Fort Lauderdale
- On-site laundry, air conditioning, and paved parking
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Location
1201 Northeast 15th Avenue is a well-maintained multifamily property located in east Fort Lauderdale, Florida. Built in 1960, the property consists of a single-story concrete block building with a stucco exterior, offering approximately 4,431 square feet of total building area, including 4,425 square feet of leasable space, on an 11,204-square-foot (0.26-acre) lot. The property features a diverse unit mix of eight one-bedroom, one-bathroom apartments, including four furnished units, and one spacious two-bedroom, two-bathroom apartment. Additional amenities include on-site laundry facilities, wall-mounted air conditioning units, and paved asphalt parking. Ideally located with convenient access to Sunrise Boulevard, US-1 (Federal Highway), and State Road A1A, the property is just minutes from Downtown Fort Lauderdale, Fort Lauderdale–Hollywood International Airport, Port Everglades, and major employment centers. Residents also enjoy close proximity to a wide range of shopping, dining, parks, and recreational destinations, including Publix, Galleria Mall, Holiday Park, Hugh Taylor Birch State Park, and Fort Lauderdale's beaches. Supported by strong local demographics and continued population growth, this property offers an attractive investment opportunity in one of South Florida's most desirable residential markets.