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615-619 Nw 11th Ave, Fort Lauderdale, FL 33311

$1,300,000
: 3,443
SqFt

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List Price: $1,300,000
Price Change: ▼ $100,000 1792802005
MLS#: A12090145
Sq. Ft: 3,443
Subtype: Multi Family
County: Broward
Community: Progresso
Subdivision: Progresso
Year Built: 1953

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Property Description

MULTIFAMILY INVESTMENT OPPORTUNITY - 8-PLEX!!!! 615–619 NW 11th Ave | Fort Lauderdale, FL 33311 Excellent 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 1953 RMM-25 multifamily zoning/Live Locally Bonuses Ideal for: Multifamily investors, value-add investors, and developers looking for an established Fort Lauderdale property with multifamily zoning.

954-557-5993

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Additional Information

Status Label: ACTIVE
Total Unitsin Complex: 4
Construction: Slab Construction
Cooling: Ceiling Fan(s), Wall/Window Unit(s)
Flooring: Ceramic Floor, Concrete
Heating: None
Lot Description: 1/2 To Less Than 3/4 Acre Lot
Roof: Flat Tile
Taxes: $19,120
Total Floors: 1
Stories: 1
Roofing: Flat Tile
Price Per Sqft: $377