9-Unit Multifamily with Redevelopment Potential 37,000 SF LotRare 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… Read More 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 potentialDevelopment OpportunityProperties 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 Read Less
Courtesy of London Foster Realty 305-514-0100
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi Family
Square Ft.
9,000
Lot Size
0.86 Acres
Year Built
1951
MLS Number
A12036651
30 Days Snapshot Of 33315
$476k
+33%
(avg) sold price
2
-77%
homes sold
89
-26%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1951, Toal building area: 9000
Lot
0.86 acres
Property
Zoning: RM-15
Taxes
Annual amount: $32,512
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