414 Se 14 St, Fort Lauderdale, FL 33316

$4,750,000
List Price
$4,750,000
Price Change
▼ $694,500 1594435995
MLS#
A10815174
Status
ACTIVE
Type
Commercial

Property Description

27 Unit Apartment Complex consisting of six adjacent parcels on 1.4 acres of land in the downtown area of southeast Fort Lauderdale. The property fronts on 3 streets and sale includes 400-414 SE 14 St and 401-417 SE 14 Court. Las Olas Blvd, the beach, airport, port, and Broward Medical Center are all in close proximity. Good upside potential as annual rentals, or consider vacation rentals for significant revenue boost. Expansive land area offers potential for redevelopment to higher density. For all of these possibilities, this unique parcel is a strong investment candidate. Income figures are projected rents with 2019 actual expenses. 5.1% cap rate plus oversized parcel for possible development of up to 75 units with rezone.

Additional Information

Days on Market
185
Tax Amount
$50,208
Maintenance Fee
9299
Water Access
Building & Land
Parcel Number
504215430020
Lot Size
61,415
Directions
Property is 2 blocks south of Davie Boulevard, just west of Federal Highway.
Address
414 Se 14 St, Fort Lauderdale
Section
15
Special Information
Sale

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of The Keyes Company.