MULTIFAMILY INVESTMENT OPPORTUNITY - 8-PLEX!!!!615-619 NW 11th Ave | Fort Lauderdale, FL 33311Excellent opportunity to acquire a two side by side four-unit multifamily property (with detached coin-operated laundry facility) in Fort Lauderdale's Durrs neighborhood. The property consists of approximately 3,443 square feet of building area situated on a generous 16,875-square-foot lot (0.39 acres). Built in 1953, the property offers an established multifamily configuration with potential for an investor seeking income-producing real estate in an established Fort Lauderdale location. GROSS RENTS TOTAL $110,000 (8 UNITS)The property is zoned RMM-25 (Residential Multifamily Mid Rise/Medium High Density), AND QUALIFIES FOR LIVE LOCALLY DENSITY BONUS, subject to applicable City of Fort Lauderdale requirements and approvals.Approximately 16,875 SF / 0.39-acre lot.Built in 1953RMM-25 multifamily zoning/Live Locally BonusesIdeal for: Multifamily investors, value-add investors, and developers looking for an established Fort Lauderdale property with multifamily zoning.
| MLS # | A12090145 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 7 |
| Listing Provided By | Lifestyle International Realty | Bradley H Minto |
| SQ Feet | 3,443 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Zoning | RMM-25 |
| Tax Annual Amount | 19120 |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3460 |
| Subarea | FTNW Ft Ldale NW(3390 3400;3460;3540 3560;3720;3810) |
| Community Name | PROGRESSO |
| Listing VS Median (in PROGRESSO) | |
Price: $1,500,000 low | high Med: $4,950 sqft: 3,443 low | high Med: 1,444 $ / sqft: $436 low | high Med: $3 On site: 7 low | high Med: 10 | |
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3460 |
| Subarea | FTNW Ft Ldale NW(3390 3400;3460;3540 3560;3720;3810) |
| Community Name | PROGRESSO |
| Listing VS Median (in PROGRESSO) | |
Price: $1,500,000 low | high Med: $4,950 sqft: 3,443 low | high Med: 1,444 $ / sqft: $436 low | high Med: $3 On site: 7 low | high Med: 10 | |