718 se 13 street
fort lauderdale, FL 33316 ·
4 Units · Multifamily For Sale
rio vista condo conversion/townhouse property
|No. Units||4||Cap Rate||6%|
|Building Size||2,600 SF||Occupancy||100%|
|Property Type||Multifamily||No. Stories||1|
|Property Sub-type||Duplex/Triplex/Fourplex||Year Built||1962|
|Property Use Type||Investment||Lot Size||0.14 AC|
|Listing ID: 14539906||Date Created: 03/15/2006||Last Updated: 08/07/2006|
This property is a steal. Property shows pride of ownership. The property consists of 4 large 1 bedroom 1 bath units which are all approximately 600 square feet. This is one of the best streets in this section of Rio Vista. There are many luxury townhouse projects on the street. The highest and best use of the property is conversion to condominiums or new construction townhomes. Zoning is the most liberal in Fort Lauderdale. Zoned rmm-25, 25 units to the acre. Lot should accomodate up to 3 luxury townhomes. Townhomes in area selling for 600-700k. The lot also has a rear alley access which helps in the construction process and layout of units. Condo's in area selling for 200k and up. This property is bordered on the north by luxury Rio Vista properties selling 600k-12 million. Only a short bike ride to the beach, very close to Port Everglades and almost walking distance to downtown Fort Lauderdale. This is a great property to buy and hold for future development or convert immediately to condo's.
Us1 to Davie Boulevard turn east then make first right(south) on Miami Road. Go a few streets to se 13 street turn left (east) to 718 on the right.
- Prime Rio Vista location
- Zoned rmm-25 for future Luxury Townhomes
- Perfectly maintained Property
- Income will be close to $3,000 per month!
- Great Condo Conversion Potential
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