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515 SE 9th St
Fort Lauderdale, FL 33316 Rio Vista

$2,785,000 USD

Apartments For Sale  •  7,908 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,908 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1967
  • Cap Rate 5.13 %
  • Zoning RAC-CC
46 Transit Score
89 Walk Score

Highlights

Rare Opportunity To Acquire A Well-Maintained 11-Unit Multifamily Asset In The Lucrative Tarpon River Neighborhood Of Fort Lauderdale
Property Sits On 0.26 Acre Lot With Favorable RAC-CC Zoning For Future Redevelopment Potential
Strong Day 1 Cash Flow With The Ability To Further Increase Rents An Additional 6.53% With Minimal To No Capital Expenditures
Some Community Amenities Include Designated Parking For Tenants & Guests, Common Laundry, Outdoor Community Space With Grill, And Security System
Prime Tarpon River Location Within Walking Distance To Restaurants, Retailers, Nightlife, Schools, And More
Located East Of I-95 Just Off Federal Hwy Providing Tenants Easy Access To Downtown Fort Lauderdale And Beyond

Property Flyers

Cap Rate: 5.13 %

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.3 mi
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 9 min - 3.5 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 13 min - 5.4 mi
Miami International 51 min - 32.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
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