1524 SE 2nd St
Fort Lauderdale, FL 33301
Beaumont & Keith Land Lease Opportunity · Land For Sale
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0.54 AC
Investment Highlights
- Attractive Long-Term Investment
- Dynamic Reversion Potential
- Favorable Market Positioning
Property Facts
| Property Type | Land | Total Lot Size | 0.54 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | |||
| Zoning | RMM-25 - Beaumont Apartments are zoned RMM-25 (medium-high intensity residential). | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.54 AC |
| No. Stories | 1 |
| Zoning | RMM-25 - Beaumont Apartments are zoned RMM-25 (medium-high intensity residential). |
Description
With asking prices of $775,000 for Beaumont and $300,000 for Keith, investors can acquire these properties at a fraction of their long-term land and unit reversion potential. Each co-op operates independently and maintains its own building and board. Coupled with triple-net lease payments of $3,750 for Beaumont and $1,500 for Keith, investors can collect hands-free cash flow over the lease period. Beaumont Apartments in Coral Ridge Country Club and Keith Apartments in Colee Hammock occupy valuable land in high-demand neighborhoods, poised for significant appreciation as Fort Lauderdale’s real estate market continues to grow. Beaumont’s 17 units and Keith’s 8 units represent a sizable portfolio of multifamily assets that can be liquidated or redeveloped upon lease expiration, amplifying total return on investment. The existing RMM-25 (Beaumont) and RM-15 (Keith) zoning classifications provide options for future investors to redevelop or rezone for higher-value uses, boosting land reversion proceeds.
Property Taxes
| Parcel Number | 49-42-24-NY-0010 | Improvements Assessment | $119,420 |
| Land Assessment | $13,270 | Total Assessment | $132,690 |
Property Taxes
