Interior
- Bathrooms
- 0
- Living area
- 2,295 sq ft
Active · Triplex
$1,075,000
1615 NE 9TH ST, Fort Lauderdale, FL 33304
- Beds
- —
- Baths
- 0
- Living area
- 2,295 sq ft
- $ / sq ft
- $468/sq ft
- Year built
- 1951
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
About this property
Prime Victoria Park triplex on a corner lot, fully renovated and surrounded by new luxury developments. Brand new impact windows! Each unit features LVP flooring, modern kitchens, updated baths, new A/C wall units, lighting, and blinds. Plumbing and electrical were recently upgraded. Roof 2016. Exterior upgrades include fresh paint, pavers, and lush landscaping for privacy. Every unit has its own patio/porch and assigned parking. All units are currently leased, the $1,500 unit is well below market value because it is rented to the property manager. Room for rent increases offering upside for investors. Strong redevelopment potential with zoning that allows for 3 townhomes/condos. Just minutes from Galleria Mall (being remodeled), Fort Lauderdale Beach, dining and nightlife. Contact Listing agent for more information.
Property location
Get Directions1615 NE 9TH ST, Fort Lauderdale, FL 33304
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Facts & features
Exterior & Structure
- Property type
- Triplex
- Year built
- 1951
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Broward
- MLS listing ID
- A12009105
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$1,047
- Cap rate
- 4.5%
- Net yield
- 4.5%
- Cash-on-cash return
- -4.2%
- Gross yield
- 7.9%
- Mortgage payment
- $5,096/mo
- Down payment
- $268,750
- Loan amount
- $806,250
- Annual NOI
- $48,590
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.