{"id":5979,"date":"2025-10-10T00:42:04","date_gmt":"2025-10-10T00:42:04","guid":{"rendered":"https:\/\/strandparkproperties.com\/?page_id=5979"},"modified":"2026-06-12T21:56:11","modified_gmt":"2026-06-12T21:56:11","slug":"828-848-ne-15th-ave-fort-lauderdale-fl-33304","status":"publish","type":"page","link":"https:\/\/strandparkproperties.com\/?page_id=5979","title":{"rendered":"828-848 Ne 15th Ave Fort Lauderdale, FL 33304"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">828-848 Ne 15th Ave Fort Lauderdale, FL 33304<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/strandparkproperties.com\/wp-content\/uploads\/2025\/10\/1-4.png\" alt=\"\" class=\"wp-image-5981\" style=\"width:608px;height:auto\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Great opportunity in Fort Lauderdale, FL!.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This Fort Lauderdale development opportunity consists of an existing 6-Plex plus a Triplex, totaling 9 existing units, 1,572 sqft of living space on a 0.31 acre lot. Don&#8217;t miss out on this great opportunity!<br><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/strandparkproperties.com\/?page_id=6239\">CLICK TO VIEW PICTURES AND VIDEOS<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-base-2-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-73128380 wp-block-group-is-layout-constrained\" style=\"margin-top:0;margin-bottom:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--50)\">\n<h2 class=\"wp-block-heading has-text-align-center\">Investment and Property Details<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>At StrandPark Properties, we believe in creating win-win opportunities. We invite our clients to sponsor rehab projects, which not only shares the financial success but also fosters a truly collaborative partnership. While we could fund these projects ourselves, we actively value the insights and involvement of our clients. This unique approach allows you to earn 70% return on your investment, in addition to your initial investment, making it a lucrative opportunity for everyone involved.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Explore our current deals and join us in transforming properties into profitable ventures.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-d525a65d wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>As-is Value: <\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">$2.4m<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>After Repair Value: <\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">$4.2m<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Investment Duration: <\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">3 months &amp; 8 days<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Return on Investment: <\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">A 70% ROI<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Rehab Cost<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">$330,000<\/p>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:var(--wp--preset--spacing--20)\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-d525a65d wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Estimated Purchase Price: <\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">$3.2m<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Security<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>IMPORTANT NOTICE: Investment Security and Closing Guarantee<\/strong><br>A Purchase Agreement has been signed with a committed End Buyer, providing an anticipated exit for the project.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the event the End Buyer fails to close immediately following the property rehab completion, Strandpark Properties Limited is contractually obligated to pay the investor their full Return on Investment and Initial Investment on the exact date agreed upon by the investor and Strandpark Properties, as stipulated in the Joint Venture Contract Agreement. This serves as a principal guarantee and ensures the investor is paid on schedule regardless of the final sale timeline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>No Additional Capital Calls:<\/strong>&nbsp;The Operating Partner is solely responsible for any cost overruns, protecting the investor from being asked for further funds beyond the initial $330,000 commitment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Information Rights:<\/strong>&nbsp;Weekly financial reporting requirements ensure complete transparency, allowing the investor to monitor the project\u2019s financial health in real-time.<em class=\"\"><\/em><\/p>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/strandparkproperties.com\/wp-content\/uploads\/2025\/10\/Strandpark-properties-JV-contract-agreement-2.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of Strandpark properties JV contract agreement.\"><\/object><a id=\"wp-block-file--media-86c1d7e9-2a00-4a8e-b727-d4ffda2b9af2\" href=\"https:\/\/strandparkproperties.com\/wp-content\/uploads\/2025\/10\/Strandpark-properties-JV-contract-agreement-2.pdf\">Strandpark properties JV contract agreement<\/a><a href=\"https:\/\/strandparkproperties.com\/wp-content\/uploads\/2025\/10\/Strandpark-properties-JV-contract-agreement-2.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-86c1d7e9-2a00-4a8e-b727-d4ffda2b9af2\">Download<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-da384c3e wp-block-column-is-layout-flow\">\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Lead Contractor<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shane Hartsell<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-global-padding is-layout-constrained wp-container-core-group-is-layout-36f65c2d wp-block-group-is-layout-constrained\" style=\"margin-top:0;margin-bottom:0;padding-top:var(--wp--preset--spacing--50);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--50)\">\n<div class=\"wp-block-group alignwide has-global-padding is-layout-constrained wp-container-core-group-is-layout-90edb088 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-vertical is-content-justification-center is-layout-flex wp-container-core-group-is-layout-5ef3efcf wp-block-group-is-layout-flex\">\n<h2 class=\"wp-block-heading has-text-align-left\">Rehab Cost Breakdown<\/h2>\n<\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Phase 1: Interior Value-Add Finishes<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td>Category<\/td><td>Investment Focus (9 Units)<\/td><td>Budget Allocation<\/td><td>Key Feature\/Product<\/td><\/tr><\/thead><tbody><tr><td><strong>Kitchens<\/strong><\/td><td>Full replacement for all 9 units.<\/td><td><strong>$90,000<\/strong><\/td><td>Pre-fab Shaker Cabinets, <strong>Level 1 Quartz Countertops<\/strong> (highly durable), Stainless Steel Mini-Appliances.<\/td><\/tr><tr><td><strong>Bathrooms<\/strong><\/td><td>Full cosmetic refresh.<\/td><td><strong>$36,000<\/strong><\/td><td>New vanities, modern fixtures (Matte Black\/Brushed Nickel), new low-flow toilets, subway tile tub surrounds.<\/td><\/tr><tr><td><strong>Flooring<\/strong><\/td><td>Full unit coverage.<\/td><td><strong>$18,000<\/strong><\/td><td><strong>Luxury Vinyl Plank (LVP)<\/strong> throughout. Waterproof, low-maintenance, and modern look.<\/td><\/tr><tr><td><strong>Lighting\/Paint<\/strong><\/td><td>Interior finishes.<\/td><td><strong>$18,000<\/strong><\/td><td>Fresh modern color palette (light\/neutral), <strong>LED Recessed Lighting<\/strong> in living areas to maximize space and efficiency.<\/td><\/tr><tr><td><strong>Subtotal: Interior Finishes<\/strong><\/td><td><\/td><td><strong>$162,000<\/strong><\/td><td><strong>(49.1% of Total Budget)<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Phase 2: Core Systems and CapEx Mitigation<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td>Category<\/td><td>Investment Focus (9 Units)<\/td><td>Budget Allocation<\/td><td>Key Feature\/Product<\/td><\/tr><\/thead><tbody><tr><td><strong>Plumbing<\/strong><\/td><td>Upgrade lines and fixtures.<\/td><td><strong>$25,000<\/strong><\/td><td>New PEX supply lines (where accessible), drain checks, and new small-capacity Hot Water Heaters (HWH).<\/td><\/tr><tr><td><strong>Electrical<\/strong><\/td><td>Code compliance &amp; efficiency.<\/td><td><strong>$35,000<\/strong><\/td><td>Electrical panel checks\/upgrades, new wiring runs for kitchens\/baths, proper grounding.<\/td><\/tr><tr><td><strong>HVAC<\/strong><\/td><td>Climate control.<\/td><td><strong>$18,000<\/strong><\/td><td>Repair &amp; replacement of existing A\/C units or strategic installation of efficient <strong>Mini-Split Systems<\/strong>.<\/td><\/tr><tr><td><strong>Subtotal: Core Systems<\/strong><\/td><td><\/td><td><strong>$78,000<\/strong><\/td><td><strong>(23.6% of Total Budget)<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Phase 3: Exterior Branding &amp; Contingency <\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td>Category<\/td><td>Investment Focus (9 Units)<\/td><td>Budget Allocation<\/td><td>Key Feature\/Product<\/td><\/tr><\/thead><tbody><tr><td><strong>Curb Appeal \/ Exterior Paint<\/strong><\/td><td>Stucco repair &amp; modern finish.<\/td><td><strong>$15,000<\/strong><\/td><td>Full exterior paint in a high-contrast, modern Florida aesthetic (e.g., white and charcoal).<\/td><\/tr><tr><td><strong>Roof &amp; Exterior CapEx<\/strong><\/td><td>Structural protection (Critical).<\/td><td><strong>$60,000<\/strong><\/td><td><strong>Addressing Structural Concerns<\/strong> (roof repair\/re-coat, fascia\/soffit replacement) and exterior windows\/doors replacement where efficiency is low.<\/td><\/tr><tr><td><strong>Landscaping\/Signage<\/strong><\/td><td>Branding the complex.<\/td><td><strong>$5,000<\/strong><\/td><td>Low-maintenance landscaping, modern building numbers, and prominent <strong>STRANDPARK<\/strong> signage.<\/td><\/tr><tr><td><strong>Contingency<\/strong><\/td><td>Unforeseen repairs (10% Buffer).<\/td><td><strong>$10,000<\/strong><\/td><td>Dedicated fund for unexpected issues uncovered during demolition\/rebuild.<\/td><\/tr><tr><td><strong>Subtotal: Exterior &amp; Buffer<\/strong><\/td><td><\/td><td><strong>$90,000<\/strong><\/td><td><strong>(27.3% of Total Budget)<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>TOTAL RENOVATION BUDGET: $330,000<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Phase Breakdown<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td>Phase<\/td><td>Estimated Duration<\/td><td>What Must Happen<\/td><td>Key Risk\/Bottleneck<\/td><\/tr><\/thead><tbody><tr><td><strong>I. Pre-Construction &amp; Permits<\/strong><\/td><td><strong>3 &#8211; 4 Weeks<\/strong><\/td><td>Final plans submitted, city review for all electrical, plumbing, HVAC, and structural changes. Permits issued. (We assume the prior demolition process is complete and approved).<\/td><td><strong>Fort Lauderdale City Review Times.<\/strong> This is the hardest part to compress. Even with an expediter, a full gut structural\/system permit can take time.<\/td><\/tr><tr><td><strong>II. Rough-In (Parallel Work)<\/strong><\/td><td><strong>2 &#8211; 3 Weeks<\/strong><\/td><td>New electrical wiring (rough-in), new plumbing supply lines\/drains (rough-in), and HVAC\/Mini-Split line sets installed across all 9 units concurrently.<\/td><td><strong>Trade Overlap and Inspections.<\/strong> Coordinating multiple trades without them stepping on each other&#8217;s work, and passing the first set of city Rough-In inspections quickly.<\/td><\/tr><tr><td><strong>III. Drywall &amp; Finishing<\/strong><\/td><td><strong>3 &#8211; 4 Weeks<\/strong><\/td><td>Insulation, hang drywall, tape, mud, and sand. Followed by interior paint, setting LVP flooring, and tiling the 9 bathrooms.<\/td><td><strong>Drying Time.<\/strong> Mudding and painting require specific drying\/curing times that cannot be rushed, even with dehumidifiers.<\/td><\/tr><tr><td><strong>IV. Final Install &amp; Punch List<\/strong><\/td><td><strong>2 Weeks<\/strong><\/td><td>Install kitchen cabinets, quartz countertops, appliances, bathroom vanities, plumbing fixtures, electrical trim (lights\/outlets), final doors, and touch-up paint. <strong>Final City Inspections.<\/strong><\/td><td><strong>Final Inspections.<\/strong> If any unit fails its final inspection, it can delay the entire project completion and turnover.<\/td><\/tr><tr><td><strong>TOTAL ESTIMATED TIME<\/strong><\/td><td><strong>11 &#8211; 12 Weeks<\/strong><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Cash Closing Timeline: StrandPark Multi-Family<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>14 Days<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Total Estimated Renovation &amp; closing Timeline: <\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Using the standard approximation of 30 days per month, this converts to:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3 months and 8 days<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>828-848 Ne 15th Ave Fort Lauderdale, FL 33304 Great opportunity in Fort Lauderdale, FL!. This Fort Lauderdale development opportunity consists of an existing 6-Plex plus a Triplex, totaling 9 existing units, 1,572 sqft of living space on a 0.31 acre lot. Don&#8217;t miss out on this great opportunity! Investment and Property Details At StrandPark Properties, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_eb_attr":"","footnotes":""},"class_list":["post-5979","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/pages\/5979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5979"}],"version-history":[{"count":5,"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/pages\/5979\/revisions"}],"predecessor-version":[{"id":7459,"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=\/wp\/v2\/pages\/5979\/revisions\/7459"}],"wp:attachment":[{"href":"https:\/\/strandparkproperties.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}