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Rio Vista Area Mulfifamily Development Site 900 SE 12th St 2 Unit Apartment Building $1,750,000 ($875,000/Unit) Fort Lauderdale, FL 33316
Investment Highlights
- Multifamily Development Opportunity
- Adjacent to Rio Vista
Executive Summary
An exceptional opportunity to acquire two adjacent properties in Fort Lauderdale's prestigious Rio Vista neighborhood. This unique assemblage offers developers, investors, and builders the potential to create a larger development site in a highly desirable area surrounded by luxury residences, new construction, and
ongoing redevelopment.Future development potential is subject to zoning and municipal approvals.
ongoing redevelopment.Future development potential is subject to zoning and municipal approvals.
Property Facts
| Price | $1,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $875,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Sale Condition | Redevelopment Project | Building Size | 1,615 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | ||
| Zoning | RM-25 - Residential | ||
| Price | $1,750,000 |
| Price Per Unit | $875,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,615 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Zoning | RM-25 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
- Pantry
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 50-42-14-03-0030 | Improvements Assessment | $299,940 |
| Land Assessment | $168,750 | Total Assessment | $468,690 |
Property Taxes
Parcel Number
50-42-14-03-0030
Land Assessment
$168,750
Improvements Assessment
$299,940
Total Assessment
$468,690
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Rio Vista Area Mulfifamily Development Site | 900 SE 12th St
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