Description
MULTIFAMILY INVESTMENT OPPORTUNITY - 8-PLEX!!!!615β619 NW 11th Ave | Fort Lauderdale, FL 33311Excellent opportunity to acquire a two side by side four-unit multifamily property (with detached coin-operated laundry facility) in Fort Lauderdaleβs Durrs neighborhood. The property consists of approximately 3,443 square feet of building area situated on a generous 16,875-square-foot lot (0.39 acres). Built in 1953, the property offers an established multifamily configuration with potential for an investor seeking income-producing real estate in an established Fort Lauderdale location. GROSS RENTS TOTAL $110,000 (8 UNITS)The property is zoned RMM-25 (Residential Multifamily Mid Rise/Medium High Density), AND QUALIFIES FOR LIVE LOCALLY DENSITY BONUS, subject to applicable City of Fort Lauderdale requirements and approvals.Approximately 16,875 SF / 0.39-acre lot.Built in 1953RMM-25 multifamily zoning/Live Locally BonusesIdeal for: Multifamily investors, value-add investors, and developers looking for an established Fort Lauderdale property with multifamily zoning.
