Multifamily in Fort Lauderdale, FL 33304

Rio Villas Townhomes, 2732 NE 15th St

The Best investment gem in Fort Lauderdale! This sale is for two turnkey 4-plexes (8 units total) on over ½ acre with 200' of deep-water frontage (no fixed bridges) on a wide 127' canal. 13 beds 10 baths! Generates $600K+/year as a luxury short-term rental. Each building has its own heated pool, 2 parking spaces per unit. One 4-plex was fully renovated with high-end finishes, impact glass, modern kitchens, updated baths, & designer furnishings. New concrete dock (2021). Perfect for group rentals, family retreats, or events. Zoned RM-25 with potential for luxury townhomes, condos, or future redevelopment. Rare blend of immediate income & long-term upside. Prime location near beaches, shopping, dining, golf, & top Bayview elementary school. opportunities like this are truly rare! Call today The Best Investment Gem in Fort Lauderdale — Rare Dual 4-Plex Waterfront Opportunity!Presenting an unmatched opportunity in the heart of prestigious Coral Ridge — this offering includes two fully operational 4-plexes (8 total units) spanning over ½ acre with an incredible 200 feet of deep-water frontage on a wide 127' canal, with no fixed bridges to the ocean.Currently operated as high-performing luxury short-term rentals, these properties generate over $600,000 per year in income, offering not only immediate cash flow but long-term redevelopment potential. With 13 bedrooms and 10 bathrooms across both buildings, this flexible layout accommodates everything from individual vacation renters to large groups, family reunions, wedding parties, and corporate retreats.Each 4-plex features:Its own private heated pool2 assigned parking spaces per unit (16 total)Modern central air conditioningPrivate patios and shared outdoor lounge areasLarge, open-plan living areas designed for comfort and styleOne of the buildings has undergone a complete, high-end renovation including:Impact-resistant windows and doorsDesigner tile flooring and upscale lightingModern kitchens with quartz countertops and stainless steel appliancesUpdated bathrooms with walk-in showers and contemporary finishesThoughtfully curated designer furnishings throughoutIn 2021, a new concrete dock was installed, offering 100 feet of secure dockage on a deep-water canal, perfect for accommodating large boats or yachts. Boaters will appreciate quick, unrestricted access to the Intracoastal and open ocean—no fixed bridges!Zoned RM-25, this property offers incredible redevelopment potential. Build luxury townhomes, boutique condos, or multi-family residences, capitalizing on the expansive lot size and coveted Coral Ridge location. The possibilities for value add or full-scale development are limitless.Situated just minutes from:Fort Lauderdale BeachLas Olas Boulevard’s shopping and diningGolf courses and marinasBayview Elementary School — one of the area’s top-rated public schoolsThis is more than an income-producing property — it's a rare, high-demand asset in one of Fort Lauderdale’s most desirable neighborhoods. Whether you're an investor looking for high-yield cash flow, a developer searching for waterfront land, or a buyer seeking a compound-style retreat, this is the ultimate opportunity.Why This Property Stands Out:Immediate and consistent rental income with proven performanceZoned for high-density redevelopment (RM-25)Two self-contained 4-unit buildings, each with pool and independent operationFully renovated 4-plex with impact glass and high-end interiors200' of waterfront + 100' dockage on a deep-water canal with no fixed bridgesPrime east Fort Lauderdale location with strong rental demandPotential to rent as individual units or a full 8-unit resort-like experienceOpportunities like this are truly rare in Fort Lauderdale. Own an established income machine with flexible exit strategies — operate as-is, expand, redevelop, or sell off individually. Call today for more details or to schedule a private showing. Serious investors and developers welcome.