Historical Multifamily Sale Listing - rio vista condo conversion/townhouse property

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rio vista condo conversion/townhouse property

718 se 13 street, fort lauderdale, FL 33316

N/A

4 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
4
Building Size:
2,600 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/Triplex/Fourplex
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
6%
Occupancy:
100%
No. Stories:
1
Year Built:
1962
Lot Size:
0.14 AC
Listing ID
14539906
Last Updated
over 1 year ago

Highlights

  • 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

Description

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.

Map of 718 se 13 street, fort lauderdale, FL 33316 (Broward County)

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