- MLS#: R11110803 ( Residential Income )
- Street Address: 1220 15th Avenue
- Viewed: 24
- Price: $5,750,000
- Price sqft: $458
- Waterfront: No
- Year Built: 2023
- Bldg sqft: 12544
- Total Baths: 16
- Additional Information
- Geolocation: 26 / -80
- County: BROWARD
- City: Fort Lauderdale
- Zipcode: 33304
- Subdivision: The Enclave At Lake Ridge
- Provided by: Compass Florida LLC
- DMCA Notice
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Wilton Manors
PRICED AT ONLY: $5,750,000
Address: 1220 15th Avenue, Fort Lauderdale, FL 33304
Would you like to sell your home before you purchase this one?
Description
100% LEASED! Discover this rare opportunity to own a stunning 2023 built, luxury townhome complex consisting of four townhomes in the heart of Fort Lauderdale! These exceptional townhomes include a gated entrance for extra security and each townhome offers 4 spacious bedrooms, 4 elegant bathrooms, two car garage and a private pool. Each townhome features approximately 2,500 Living SF and the corner unit is the largest of the four units, boasting nearly 3,200 living SF and breathtaking views.
With contemporary open concept living spaces, sleek kitchens, and a prime location, this is a unique investment in upscale living. Less than a year old, properties like this are nearly impossible to find. Located in the heart of Fort Lauderdale, this luxury complex is minutes from Las Olas Boulevard, Fort Lauderdale Beach, and Hugh Taylor Birch State Park. Enjoy luxury living with private pools, breathtaking views, and easy access to top dining, shopping, and entertainment.
All four townhomes are occupied and on two year leases and not expiring until Q3 of 2027! This is the perfect cash cow for any investor looking to passively manage a trophy asset or a buyer looking to close a 1031 out! Monthly gross income is $31k with built in annual rent increases. Call today for more details.
Property Location and Similar Properties
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Building and Construction
- Fencing: Fenced
- Flooring: Tile
- Roof: Tar/Gravel
Eco-Communities
- Pool Features: In Ground, Salt Water
- Water Source: Public
Utilities
- Cooling: Ceiling Fan(s), Central Air, Electric
- Heating: Central, Electric
- Sewer: Public Sewer
- Utilities: Sewer Available, Water Available
Amenities
- Association Amenities: None
Finance and Tax Information
- Tax Year: 2024
Rental Information
- Tenant Pays: Cable TV, Electricity, Repairs, Water
Other Features
- Legal Description: PROGRESSO 2-18 D POR LOTS 18, 19 & S 10 OF LOT 20 BLK 102, DESC AS COMM AT INT OF E/L OF W 5 OF LOT 20 & N/L OF S 10 OF LO
- Parcel Number: 494234550010
- Views: 24
- Zoning Code: RC-15



