UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,839 sqft
Price per Sqft $375
MLS Listing ID A11966949
HOA Y/N No
Year Built 1976
Annual Tax Amount $37,280
Lot Size 0.402 Acres
Property Sub-Type Multi Family
Property Description
The property is currently improved with a 12-unit multifamily building totaling 7,839 SF, originally built in 1976 and actively operating as an income-producing asset. The existing improvements present immediate cash flow potential with value-add upside through renovation, repositioning, or strategic redevelopment.
RML-25 zoning allows up to 25 units per acre. Density calculations indicate approximately 10 units by right on a 0.40-acre lot; however, the existing 12-unit configuration may benefit from legal non-conforming or grandfathered status based on original approvals. Buyers should independently verify redevelopment potential and density allowances.
Permitted typologies under RML-25 include multifamily, duplex, townhouse group, cluster dwellings, zero lot line, and hotel use (where applicable). Property is located within the NDCR Overlay and FEMA AE flood zone (BFE 6 ft).
Prime location minutes from Downtown Fort Lauderdale, Las Olas, major transportation corridors, and ongoing redevelopment activity.
Ideal for investors seeking stabilized income with long-term redevelopment optionality.
Location
State FL
County Broward
Area 3470
Interior
Heating Central
Cooling Central Air
Flooring Tile
Window Features Impact Glass
Exterior
Total Parking Spaces 18
Private Pool Yes
Building
Story 2
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 504209090830
Security Features Fenced,Security Lights
Acceptable Financing Assumable, Cash
Listing Terms Assumable, Cash
Special Listing Condition Corporate Listing
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Monica Brisson
Broker Associate | License ID: 0645316
Broker Associate License ID: 0645316