Log In/Sign Up
Your email has been sent.
3932 SW 12th Pl 8 Unit Apartment Building $1,595,000 ($199,375/Unit) 7.20% Cap Rate Fort Lauderdale, FL 33312
INVESTMENT HIGHLIGHTS
- Prime cash-flowing investment opportunity with 7%+ cap rate
- The property has been updated with impact doors/windows and electric
- Currently generating net operating income of $114,800
- 8 renovated one-bedroom units
- Located minutes from Downtown Fort Lauderdale and the beach!
EXECUTIVE SUMMARY
Discover a prime cash-flowing investment at 3932 SW 12th Pl, Fort Lauderdale, presented by Fausto Commercial. This renovated 8-unit property features eight 1-bedroom units, each nicely updated with modern finishes and equipped with impact-resistant doors and windows, plus all-new electric meters. The building spans approximately 4,152 sq ft on a 10,631 sq ft lot, offering solid income and strong tenant appeal. The property is currently generating a net operating income of $114,800, reflecting a 7.2% cap rate, with easy potential to exceed 7.5% through modest rent increases or operational improvements. Located just minutes from Downtown Fort Lauderdale, Las Olas, the airport, beaches, major highways, and top entertainment spots, this turn-key property offers strong rental income and long-term upside in one of South Florida’s hottest rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$158,400
|
$38.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$158,400
|
$38.15
|
| Taxes |
$24,250
|
$5.84
|
| Operating Expenses |
$19,350
|
$4.66
|
| Total Expenses |
$43,600
|
$10.50
|
| Net Operating Income |
$114,800
|
$27.65
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $158,400 |
| Annual Per SF | $38.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $158,400 |
| Annual Per SF | $38.15 |
| Taxes | |
|---|---|
| Annual | $24,250 |
| Annual Per SF | $5.84 |
| Operating Expenses | |
|---|---|
| Annual | $19,350 |
| Annual Per SF | $4.66 |
| Total Expenses | |
|---|---|
| Annual | $43,600 |
| Annual Per SF | $10.50 |
| Net Operating Income | |
|---|---|
| Annual | $114,800 |
| Annual Per SF | $27.65 |
PROPERTY FACTS
| Price | $1,595,000 | Building Class | C |
| Price Per Unit | $199,375 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 4,152 SF |
| Cap Rate | 7.20% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.41/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMM-25 - RMM-25 - RESIDENTIAL MULTIFAMILY MID RISE/MEDIUM HIGH DENSITY | ||
| Price | $1,595,000 |
| Price Per Unit | $199,375 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,152 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2025 |
| Parking Ratio | 2.41/1,000 SF |
| Zoning | RMM-25 - RMM-25 - RESIDENTIAL MULTIFAMILY MID RISE/MEDIUM HIGH DENSITY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 50-42-18-01-0690 | Total Assessment | $1,189,620 (2025) |
| Land Assessment | $69,100 (2025) | Annual Taxes | $24,250 ($5.84/SF) |
| Improvements Assessment | $1,120,520 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
50-42-18-01-0690
Land Assessment
$69,100 (2025)
Improvements Assessment
$1,120,520 (2025)
Total Assessment
$1,189,620 (2025)
Annual Taxes
$24,250 ($5.84/SF)
Tax Year
2024
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3932 SW 12th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.