Investment Opportunity, a meticulously updated duplex two 1-bed 1-bath units. Each unit has spacious living areas, modern kitchens, including new roof, appliances, electrical system, plumbing, flooring, impact windows and doors, and new AC units. Both units are currently rented, generating solid income with tenants covering water and electricity expenses. Currently a 5% CAP rate, with potential for increased return. Situated on a generous 6,502 sq. ft. lot with RC15 zoning, there’s ample room for future growth, adding a pool or a third unit. Located near shops, dining, and public transportation. It offers both front and gated parking. Ideal for investors, short term rental or owner-occupants seeking rental income with future growth potential. Don’t miss out on this opportunity!
1116-1118 NE 15th Ave, Fort Lauderdale, FL, 33304
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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