904 SE 12th St - Apartments FOR SALE


Fort Lauderdale, FL 33316- Harbordale
$2,650,000 USD
954-351-7474
904 SE 12th St, Fort Lauderdale, FL for Sale
$2,650,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

904 SE 12th St
Fort Lauderdale, FL 33316
Harbordale


HIGHLIGHTS

  • Covered land investment opportunity with existing residential improvements providing the ability to generate interim rental income while planning.
  • ~$6,000/month of in place gross income upon lease-up, helping offset carrying costs during the hold and entitlement period.
  • Multiple exit strategies: continue operating the existing improvements, hold for long-term land appreciation, redevelop for luxury rentals, or develop

OVERVIEW

17,000 SF assemblage with 125 feet of combined frontage in the highly desirable Rio Vista neighborhood of Fort Lauderdale. The assemblage consists of 900/902 and 904 SE 12th Street and is currently improved with existing residential structures, providing interim income pf $6,000 during a hold, planning and future redevelopment phase. Potential for development of up to 9 residential units, creating an attractive boutique multifamily or luxury residential redevelopment opportunity in Rio Vista.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$1,641 USD /SF

# OF UNITS

4

PRICE/UNIT

$662,500

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

RM-25

APN/PARCEL ID

50-42-14-03-0030

ASK ABOUT THIS PROPERTY

Richard RosaRichard N. Rosa, PAMore Info
954-351-7474

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Richard RosaRichard N. Rosa, PAMore Info
954-351-7474

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