Commercial property in Fort Lauderdale, Florida 193.7 sq.m. № 1939096

Property description

The best priced multifamily in VP! Corner-lot 4plex with 2 separate and detached duplexes on one lot, just 3 blocks from Las Olas Blvd, beautiful and long-lasting barrel tile roof, updated interiors, private fenced in patios. This income-producing property on a 6,300 sq ft lot. Located minutes from Fort Lauderdale Beach and FLL Airport, in one of the city’s most walkable and desirable neighborhoods. Surrounded by top dining, shops, and entertainment- making it an ideal location for both long-term and short-term tenants, current gross annual revenue $120,000 and a solid 7% CAP rate, reliable cash flow and strong long-term appreciation. VP offers high tenant demand and low vacancy rates. Development opportunity, Zone RML-25 Residential Multifamily Low Rise/Medium High Density district.