1004 W Las Olas Blvd - Multi-Family FOR SALE


Fort Lauderdale, FL 33312- Sailboat Bend
$849,000 USD
561-789-7726
1004 W Las Olas Blvd, Fort Lauderdale, FL for Sale
$849,000 USD
Multi-Family - FOR SALE
1/18
null | Request Cap Rate

1004 W Las Olas Blvd
Fort Lauderdale, FL 33312
Sailboat Bend


HIGHLIGHTS

  • Prime Investment Potential: RM-25 zoning allows for multifamily expansion or redevelopment, with a density of up to 25 dwelling units per acre.
  • Exclusive Waterfront Access: Residents enjoy exclusive access to Cooley’s Landing Marina, located directly on the New River.
  • Highly Desirable Location: Situated in historic Sailboat Bend, one block from Tequesta Park and within walking distance of cultural attractions.
  • Value-Add Opportunity: Perfect for a developer or an owner seeking to maximize the property's potential in a vibrant, historic neighborhood
  • Modern & furnished interiors designed for immediate short-term rental operations.

OVERVIEW

Discover a rare investment in historic Sailboat Bend! This impeccably maintained 3-unit building is fully updated: new roof, impact windows, and modern, furnished interiors designed for immediate short-term rental operations. Projected annual revenue: $96,000. Situated on a generous 8,750 sq ft RM-25 lot, this property offers significant expansion potential. Build two additional units, a townhouse, or a single-family home. The extra land provides flexibility for future development or storing your boat(s). The location is a boater’s dream, with exclusive access to Cooley's Landing Marina on the New River, downtown Fort Lauderdale’s vibrant Riverfront Boardwalk, and Tequesta Park just one block away. Maximize cash flow and future growth in a premier location.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

3

PRICE/UNIT

$283,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1004 W LAS OLAS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,750 SF

ZONING

RM-25

APN/PARCEL ID

50-42-09-09-0650

ASK ABOUT THIS PROPERTY

David JosephThe Keyes CompanyMore Info
561-789-7726

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David JosephThe Keyes CompanyMore Info
561-789-7726

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.