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$1,995,000
Est. payment /mo
9,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $221
MLS Listing ID A12036651
HOA Y/N No
Year Built 1951
Annual Tax Amount $32,512
Lot Size 0.855 Acres
Property Sub-Type Multi Family
Property Description
9-Unit Multifamily with Redevelopment Potential | 37,000 SF Lot
Rare opportunity to acquire a 9-unit multifamily property situated on an oversized 37,000-square-foot lot in a rapidly improving corridor near downtown Fort Lauderdale.
The property features a desirable unit mix of 3 two-bedroom units and 6 one-bedroom units, with six standalone cottages and three additional detached units, providing strong tenant appeal and operational flexibility.
Strategically located just one minute from I-95, approximately 3.5 miles from Las Olas Boulevard and 4.5 miles from Fort Lauderdale Beach, the property benefits from convenient access to major employment centers, dining, entertainment, shopping, and transportation.
* 9 income-producing units
* Large 37,000 SF development site
* Desirable mix of 1-bedroom and 2-bedroom units
* Excellent access to I-95, downtown Fort Lauderdale, Las Olas, and the beach
* Strong rental demand location
* Significant value-add and redevelopment potential
Development Opportunity
Properties directly across the street have been successfully redeveloped into new-construction townhomes. Based on surrounding development patterns, there may be an opportunity to construct up to nine townhomes of approximately 2,200 square feet each (buyer to independently verify zoning, density, approvals, and development
This offering provides investors with the ability to generate cash flow from day one while preserving substantial long-term redevelopment upside
Rare opportunity to acquire a 9-unit multifamily property situated on an oversized 37,000-square-foot lot in a rapidly improving corridor near downtown Fort Lauderdale.
The property features a desirable unit mix of 3 two-bedroom units and 6 one-bedroom units, with six standalone cottages and three additional detached units, providing strong tenant appeal and operational flexibility.
Strategically located just one minute from I-95, approximately 3.5 miles from Las Olas Boulevard and 4.5 miles from Fort Lauderdale Beach, the property benefits from convenient access to major employment centers, dining, entertainment, shopping, and transportation.
* 9 income-producing units
* Large 37,000 SF development site
* Desirable mix of 1-bedroom and 2-bedroom units
* Excellent access to I-95, downtown Fort Lauderdale, Las Olas, and the beach
* Strong rental demand location
* Significant value-add and redevelopment potential
Development Opportunity
Properties directly across the street have been successfully redeveloped into new-construction townhomes. Based on surrounding development patterns, there may be an opportunity to construct up to nine townhomes of approximately 2,200 square feet each (buyer to independently verify zoning, density, approvals, and development
This offering provides investors with the ability to generate cash flow from day one while preserving substantial long-term redevelopment upside
Location
State FL
County Broward
Area 3010
Direction i 95 east on marina mile to sw 15 ave make right
Exterior
Private Pool Yes
Others
Tax ID 504221010730
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12036651
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Listed by London Foster Realty
NEARBY SCHOOL & BUSINESS
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