50 SE 12th St | Fort Lauderdale, FL 33316
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50 SE 12th St
Fort Lauderdale, FL 33316
Rustic Manor Apartments · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Rustic Manor Apartments offers an irreplaceable turnkey multifamily investment with the ability to run as either a short-term or a tradition rental.
- The current management runs the apartments as short-term rentals and is open to staying on with new ownership.
- Perfectly situated a few blocks west of US-1, the apartments sit within walking distance of Downtown Ft. Lauderdale.
- This rare opportunity features (23) 1 bed x 1 bath and (1) 2 bed x 1 bath units, and all units are fully furnished for guest convenience.
- Major development projects are under construction and proposed in the surrounding area, providing strength to local businesses.
- Property residents have easy access to US-1, Davie Blvd, Las Olas Blvd, Broward Blvd and US Federal Hwy 1, as well as I-95 and the Florida Turnpike.
PROPERTY FACTS
| No. Units | 24 | Building Size | 10,173 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 3.15/1,000 SF |
| Lot Size | 0.49 AC | ||
| Zoning | SRAC-SAE - South Andrews Avenue Master Plan | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 10,173 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 3.15/1,000 SF |
| Zoning | SRAC-SAE - South Andrews Avenue Master Plan |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Family Room
- Linen Closet
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 23 | - | 415 |
| 2+1 | 1 | - | 628 |
PROPERTY TAXES
| Parcel Number | 50-42-15-10-0210 | Improvements Assessment | $3,432,750 |
| Land Assessment | $211,300 | Total Assessment | $3,644,050 |
PROPERTY TAXES
Parcel Number
50-42-15-10-0210
Land Assessment
$211,300
Improvements Assessment
$3,432,750
Total Assessment
$3,644,050
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