Multifamily in Fort Lauderdale, FL 33304

Allenwood, 1539 NE 15th Ave

One of the most unique and flexible income-producing properties currently available in East Fort Lauderdale. Fully renovated, zero-maintenance compound in highly desirable and walkable Poinsettia Heights less than 3 miles from Fort Lauderdale Beach, Las Olas, Downtown, shopping, dining, nightlife, marinas, parks, gyms, and coffee shops. Configured as a renovated 2BR/2BA residence easily convertible to a 3BR/2BA, a renovated 1BR/1BA residence, plus a detached air-conditioned 2-car garage w/ loft currently operating as a 3rd income-producing rental. All three spaces function completely independently with separate entrances, separate driveways, dedicated parking, separately fenced yards, and in-unit washer/dryer setups creating a true compound feel rarely found this close to the beach. Previously operated as a successful Airbnb-style vacation rental with projected gross income exceeding $100K annually. Zoned RD-15 with endless flexibility for Airbnb-style rentals, long-term rentals, owner-occupants, seasonal use, or live/work setups. This is not your typical duplex - this is a fully renovated East Fort Lauderdale compound designed to maximize privacy, flexibility, and multiple income streams while maintaining the feel of a true private compound rather than a traditional multifamily property, all positioned in one of South Florida's strongest rental and vacation markets. The detached air-conditioned garage rental with loft creates an additional revenue stream while also offering exceptional versatility for luxury vehicle storage, business operations, workshop space, office setup, studio use, gym space, or creative flex space. Currently operating with strong, stabilized long-term income while maintaining exceptional future flexibility for Airbnb-style rentals, owner-occupants, seasonal use, live/work setups, or continued income production depending on an owner's goals. Extensively upgraded throughout with new roofs, impact windows, updated electrical, renovated interiors, new appliances, refreshed exterior spaces, brand new fenced and paved outdoor areas, gated parking, and low-maintenance improvements creating a truly turnkey investment opportunity. Positioned in highly walkable Poinsettia Heights where demand remains high year-round due to proximity to Fort Lauderdale Beach, Las Olas, Downtown, shopping, dining, nightlife, marinas, parks, and everything driving the South Florida lifestyle.