PRICED AT ONLY: $650,000
Address: 5701 15th Street, Lauderhill, FL 33313
Description
Turnkey triplex investment in Lauderhill offering immediate cash flow and strong rental demand. Fully occupied 3 unit property featuring (2) 2BR/1BA and (1) 1BR/1BA units (~753 SF avg). Recent upgrades include roof, electrical, plumbing, and impact windowsminimizing near term capital expenses. Individually metered units provide efficient, low cost operations. Current rents ~$1,500 (1BR) and $1,600 $1,700 (2BR) with market rents up to ~$1,700 and $2,000, offering ~18%+ upside. Owner occupies one 2BR unit to be delivered vacantideal for FHA or cash buyers. Priced at $650,000 with ~6.08% cap rate and ~$39,492 NOI, this is a strong value add opportunity in a stable Broward County submarket.
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- MLS#: B26004393 ( Residential Income )
- Street Address: 5701 15th Street
- Viewed: 3
- Price: $650,000
- Price sqft: $288
- Waterfront: No
- Year Built: 1970
- Bldg sqft: 2260
- Days On Market: 11
- Additional Information
- Geolocation: 26 / -80
- County: Broward
- City: Lauderhill
- Zipcode: 33313
- Subdivision: Fern Sub No One
- Provided by: Bank On It Realty
- DMCA Notice
Features
Building and Construction
- Exterior Features: None
- Fencing: None
- Flooring: Tile
- Roof: Shingle
Eco-Communities
- Water Source: Public
Utilities
- Cooling: Other
- Heating: Other
- Pets Allowed: Yes, No Restrictions
- Sewer: Public Sewer
- Utilities: None
Finance and Tax Information
- Tax Year: 2025
Rental Information
- Tenant Pays: None
Other Features
- Legal Description: FERN SUB NO ONE 55-5 B LOT 6 BLK 10
- Parcel Number: 494135062030
- Zoning Code: RM-8
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
