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THE ENCLAVE AT LAKE RIDGE - FORT LAUDERDALE 1220 NE 15th Ave 4 Unit Apartment Building $8,026,540 CAD ($2,006,635 CAD/Unit) 5.09% Cap Rate Fort Lauderdale, FL 33304
INVESTMENT HIGHLIGHTS
- NEW CONSTRUCTION LUXURY TOWNHOMES BUILT IN 2023
- ONLY 1/2 MILE FROM FEDERAL HWY + LESS THAN 2 MILES FROM THE OCEAN
- FEATURES INCLUDE: TWO CAR GARAGE(S), PRIVATE POOLS, GATED COMMUNITY
- LOCATED IN DOWNTOWN FORT LAUDERDALE
EXECUTIVE SUMMARY
Luxury Townhome Community Now Available For Sale in East Fort Lauderdale! 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.
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$531,846
|
$51.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$531,846
|
$51.13
|
| Taxes |
$90,387
|
$8.69
|
| Operating Expenses |
$33,251
|
$3.20
|
| Total Expenses |
$123,638
|
$11.89
|
| Net Operating Income |
$408,208
|
$39.25
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $531,846 |
| Annual Per SF | $51.13 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $531,846 |
| Annual Per SF | $51.13 |
| Taxes (CAD) | |
|---|---|
| Annual | $90,387 |
| Annual Per SF | $8.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $33,251 |
| Annual Per SF | $3.20 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $123,638 |
| Annual Per SF | $11.89 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $408,208 |
| Annual Per SF | $39.25 |
PROPERTY FACTS
| Price | $8,026,540 CAD | Apartment Style | Townhome |
| Price Per Unit | $2,006,635 CAD | Building Class | B |
| Sale Type | Investment | Building Size | 10,401 SF |
| Cap Rate | 5.09% | Average Occupancy | 100% |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 3 |
| No. Units | 4 | Year Built | 2023 |
| Property Type | Multifamily | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RC-15 - Multifamily Zoning | ||
| Price | $8,026,540 CAD |
| Price Per Unit | $2,006,635 CAD |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Building Size | 10,401 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | RC-15 - Multifamily Zoning |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Views
- Walk-In Closets
- Yard
- Deck
- Dining Room
- Freezer
- Island Kitchen
- Patio
- Large Bedrooms
- Floor to Ceiling Windows
SITE AMENITIES
- Fenced Lot
- Pool
- Gated
- Furnished Units Available
- Wi-Fi
- Sundeck
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+3.5 | 1 | $12,563 CAD | 3,186 |
| 4+3.5 | 3 | $10,469 CAD | 2,405 |
1 1
Walk Score®
Very Walkable (81)
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THE ENCLAVE AT LAKE RIDGE - FORT LAUDERDALE | 1220 NE 15th Ave
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