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THE ENCLAVE AT LAKE RIDGE - FORT LAUDERDALE 1220 NE 15th Ave 4 Unit Apartment Building £4,296,975 (£1,074,244/Unit) 5.09% Net Initial Yield 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 | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£284,721
|
£27.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£284,721
|
£27.37
|
| Taxes |
£48,388
|
£4.65
|
| Operating Expenses |
£17,801
|
£1.71
|
| Total Expenses |
£66,189
|
£6.36
|
| Net Operating Income |
£218,532
|
£21.01
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £284,721 |
| Annual Per sq ft | £27.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £284,721 |
| Annual Per sq ft | £27.37 |
| Taxes | |
|---|---|
| Annual | £48,388 |
| Annual Per sq ft | £4.65 |
| Operating Expenses | |
|---|---|
| Annual | £17,801 |
| Annual Per sq ft | £1.71 |
| Total Expenses | |
|---|---|
| Annual | £66,189 |
| Annual Per sq ft | £6.36 |
| Net Operating Income | |
|---|---|
| Annual | £218,532 |
| Annual Per sq ft | £21.01 |
PROPERTY FACTS
| Price | £4,296,975 | Apartment Style | Townhome |
| Price Per Unit | £1,074,244 | Costar Property Class | B |
| Sale Type | Investment | Property Size | 10,401 sq ft |
| Yield | 5.09% | Average Occupancy | 100% |
| Sale Condition | Portfolio Sale | No. Floors | 3 |
| No. Units | 4 | Year Built | 2023 |
| Property Type | Build-to-Rent | Parking Allocation | 0.77/1,000 sq ft |
| Property Subtype | Apartment | ||
| Use Class | RC-15 - Multifamily Zoning | ||
| Price | £4,296,975 |
| Price Per Unit | £1,074,244 |
| Sale Type | Investment |
| Yield | 5.09% |
| Sale Condition | Portfolio Sale |
| No. Units | 4 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Costar Property Class | B |
| Property Size | 10,401 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built | 2023 |
| Parking Allocation | 0.77/1,000 sq ft |
| Use Class | 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 Flats Available
- Wi-Fi
- Sundeck
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 5+3.5 | 1 | £6,726 | 3,186 |
| 4+3.5 | 3 | £5,605 | 2,405 |
1 1
Walk Score®
Easily Walkable (81)
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THE ENCLAVE AT LAKE RIDGE - FORT LAUDERDALE | 1220 NE 15th Ave
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