Property 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 windows-minimizing 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 vacant-ideal 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Other
Heating: Other
Lot Size: 0.16 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $13,971
Year Built: 1970
Square Feet: 2,260
Amenities
None
Feature Descriptions
Days on Site: 1
Exterior: CBS
Fencing: None
Flooring: Tile
Parcel#: 494135062030
Pets Allowed: Yes, No Restrictions
Sewer: Public Sewer
SQFT Living: 2260
Units: 3
Utilities: None
Utilities: None
Water: Public
Listed By / Shown By
Listed By
Agency Name: Bank On It Realty
Agency Phone: 954-515-0030
Shown By
Agent Name: Kevin Noel
Agent Phone: (904) 655-7140
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 4,488.23 per month $3,134.40 Principal & Interest $1,164.25 Property Tax $189.58 Homeowner's InsuranceChange Payment Information
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5701 NW 15th Street | MLS# B26004393
This multi-family property located at 5701 NW 15th Street, Lauderhill, FL 33313 is currently listed for sale with an asking price of $650,000. Search Lauderhill real estate on knoel.watsonrealtycorp.com today.