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Downtown Fort Lauderdale Tri-plex 633 NW 15th Ter

3 Unit Block of Flats £469,455 (£156,485/Unit) 7% Net Initial Yield Fort Lauderdale, FL 33311

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Investment Highlights

New Roof, Stucco, and Paint in 2024
One of the last opportunities for high demand affordable housing in South Florida

Very close to Downtown Fort Lauderdale and Flagler Village new developments

Executive Summary

Three large units, each with a one-bedroom and one-bathroom layout, identical across all. A brand-new roof was installed in October 2024. Additionally, the building underwent a complete re-stuccoing, painting, and sealcoating in the same year. Units 1 and 3 are long-term tenants, with rents at $1,500 and $1,425, respectively. Unit 2, recently renovated (refer to listing photos), is projected to rent for $1,600 monthly. Each apartment includes a living room, bedroom, bathroom, kitchen with full-sized appliances, and a bonus room. The total potential monthly rent is $4,800. Tenants are responsible for their electricity, while the landlord pays water expenses, averaging about $220 monthly. Features include hardwood cabinets and high ceilings. Please refrain from interacting with or disturbing the current tenants. Unit 2 is unoccupied and can be shown to prospective buyers. Property is within the CRA Boundary and Opportunity Zone.

Listing Flyer 633 NW 15th

Position of Property in RAC

Property Facts

Price	£469,455	Apartment Style	Garden
Price Per Unit	£156,485	Building Class	B
Sale Type	Investment	Lot Size	0.10 AC
Net Initial Yield	7%	Building Size	1,632 SF
No. Units	3	Number of Floors	1
Property Type	Residential	Year Built/Renovated	1965/2024
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£469,455
Price Per Unit	£156,485
Sale Type	Investment
Net Initial Yield	7%
No. Units	3
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Building Class	B
Lot Size	0.10 AC
Building Size	1,632 SF
Number of Floors	1
Year Built/Renovated	1965/2024
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.