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About This Property
Opportunity to Acquire 9 Apartment Units on an Big Oversized 13,430 SF Lot (0.31 Acres) This is a rare value-add opportunity. The property offers several recent improvements, including impact windows installed by the previous owner and a new roof completed in 2018. Interior finishes include a mix of vinyl flooring and tile flooring throughout the units. In terms of cooling, 2 units have split A/C systems and 7 units have window A/C units. 9 Assigned Parking Spaces Current rents are below market, creating significant upside potential for a new owner. The location is exceptional, and the redevelopment potential is tremendous. According to zoning, the property may allow for the development of a new 5-story multifamily building with up to 15.42 units and approximately 8,774 SF of building area. Investment Highlights: Strong value-add play through rent increases Opportunity to modernize units and significantly boost NOI Large lot offering future redevelopment optionality Located in a prime rental corridor with strong demand fundamentals This creates a rare covered land play — generate income today while planning a future redevelopment exit. You’re not buying into a location — you’re buying into an established urban core. Buyer must independently verify all zoning, density, and development potential with the appropriate zoning department and conduct their own due diligence.
Property Features
County
Broward County
Section
22
Area
3824
Subdivision
Interior
Cooling
Bedrooms
Floors
Full Baths
Appliances
Heating
Style
Garage Spaces
Construction/Exterior
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
Water
Sewer
Lot Size in Sq. Ft.
13430
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Senior Community
No
Other Utilities
Property Type
Commercial Sale
Pets
Property SubType 2
Income/MultiFamily
Tax Year
NA
Year Built
1951
Tax Amount
$24519
APN
NA
Square Feet Source
NA
Map
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