UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,560 sqft
Price per Sqft $410
Subdivision Middle River Terrace
MLS Listing ID F10498544
Style Triplex
Construction Status Resale
HOA Y/N No
Year Built 1949
Annual Tax Amount $17,253
Tax Year 2024
Property Sub-Type Triplex
Property Description
Looking for your next development opportunity? This prime 17,261 sq ft lot, zoned RA-25, offers the potential for 8 spacious apartment units (approximately 1,200–1,300 sq ft each) with condo conversion potential and an estimated monthly income of $32,000 once developed.
While you're working through permitting, the existing updated multi-family property is already generating income with one 2-bed/2-bath unit and two studio units, bringing in $3,200/month.
Ideally located in central Fort Lauderdale, just steps from the vibrant attractions of Wilton Manors, this is a rare find for the savvy investor.
Tenant occupied. Please do not disturb tenants.
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning RMM-25
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Tile Floors
Exterior
Exterior Feature Fence, Laundry Facility, Other
Water Access N
Roof Type Flat Tile Roof
Private Pool No
Building
Lot Description 1/4 To Less Than 1/2 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
