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$2,150,000
Est. payment /mo
3,824 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,824 sqft
Price per Sqft $562
MLS Listing ID A12003925
HOA Y/N No
Year Built 1951
Annual Tax Amount $24,519
Lot Size 0.308 Acres
Property Sub-Type Multi Family
Property Description
Amazing Opportunity – 9 Apartment Units on an Oversized 13,430 SF Lot (0.31 Acres)
This is a rare value-add opportunity featuring 9 apartment units situated on an oversized 13,430 SF lot (0.31 acres). The property offers several recent improvements, including impact windows installed by the previous owner and a new roof completed in 2018. Interior finishes include a mix of vinyl flooring and tile flooring throughout the units. In terms of cooling, 2 units have split A/C systems and 7 units have window A/C units.
9 Assigned Parking Spaces
Current rents are below market, creating significant upside potential for a new owner.
The location is exceptional, and the redevelopment potential is tremendous. According to zoning, the property may allow for the development of a new 5-story multifamily building with up to 15.42 units and approximately 8,774 SF of building area.
Investment Highlights:
Strong value-add play through rent increases
Opportunity to modernize units and significantly boost NOI
Large lot offering future redevelopment optionality
Located in a prime rental corridor with strong demand fundamentals
This creates a rare covered land play — generate income today while planning a future redevelopment exit.
You're not buying into a location — you're buying into an established urban core.
Buyer must independently verify all zoning, density, and development potential with the appropriate zoning department and conduct their own due diligence.
This is a rare value-add opportunity featuring 9 apartment units situated on an oversized 13,430 SF lot (0.31 acres). The property offers several recent improvements, including impact windows installed by the previous owner and a new roof completed in 2018. Interior finishes include a mix of vinyl flooring and tile flooring throughout the units. In terms of cooling, 2 units have split A/C systems and 7 units have window A/C units.
9 Assigned Parking Spaces
Current rents are below market, creating significant upside potential for a new owner.
The location is exceptional, and the redevelopment potential is tremendous. According to zoning, the property may allow for the development of a new 5-story multifamily building with up to 15.42 units and approximately 8,774 SF of building area.
Investment Highlights:
Strong value-add play through rent increases
Opportunity to modernize units and significantly boost NOI
Large lot offering future redevelopment optionality
Located in a prime rental corridor with strong demand fundamentals
This creates a rare covered land play — generate income today while planning a future redevelopment exit.
You're not buying into a location — you're buying into an established urban core.
Buyer must independently verify all zoning, density, and development potential with the appropriate zoning department and conduct their own due diligence.
Location
State FL
County Broward
Area 3040
Direction Use GPS
Exterior
Private Pool Yes
Others
Tax ID 514222130120
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12003925
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Listed by The Keyes Company