Off-Market Condo at 1600 SE 15th St, Fort Lauderdale, FL 33316
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1600 SE 15th St, Fort Lauderdale, FL 33316

Unit - #309

$310,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $128 per day and long-term for an average of $2,077 per month, based on similar listings in the area. Estimated short-term cap rate of 0.0%. Estimated long-term cap rate of -1.6%. Welcome to this completely remodeled condo unit, nestled in the heart of Fort Lauderdale. This unit offers 720 square feet of thoughtfully designed living space, featuring one bedroom and one beautifully renovated bathroom. The condo boasts a sleek, modern kitchen equipped with stainless steel appliances, including a cooktop, electric oven, dishwasher, and refrigerator, washer and dryer, complemented by refined cabinetry and modern finishes. The layout is enhanced by recessed lighting and durable tile floors, creating a bright and inviting atmosphere. Residents have access to amenities, including a communal heated pool, sauna, community dock and barbecue area, perfect for leisurely afternoons. Unit offers assigned parking, guest parking, and private storage option.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$512
Rental Policy
daily
Yearly Taxes
$3847
Bedrooms
1
Bathrooms
1
SQFT
720
Furnished
N/A
Year built
1973
Listing Status
Off Market
MLS
F10488133

Short-term Rental Potential
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$29,868

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$430

Price/SQFT

Long-term Rental Potential
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$24,924

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,077/mo

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