Property Description
Exceptional investment opportunity featuring 17 stabilized, fully leased townhomes within a 38-unit residential community in Fort Lauderdale, FL. Most units include newer central A/C systems for long-term durability and tenant satisfaction. Mix of 1-car and 2-car garages enhances tenant appeal and functionality. Seller holds valuable Builder Rights, granting full control over the HOA and strategic influence over community operations. Tenants pay for their own water and electricity, providing operational efficiency and reduced owner expenses. Strong in-place rental income, minimal management requirements, and a prime location near major highways, schools, shopping, and vibrant Downtown Fort Lauderdale.
Features
- Swimming Pool
- Heating System
- Cooling System
- Parking
- Architectural Style
- Roof:
- Other
- Sewer
Address Map
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33311
- Street:
- 1316 Nw 3rd St, Fort Lauderdale, Florida 33311
- Longitude:
- W81° 50' 31.9''
- Latitude:
- N26° 7' 27.3''
MLS Addon
- Association Fee:
- $250
- Association Fee Frequency:
- Monthly
- Building Area:
- 1,486 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 37
- DOM:
- 182
- Directions:
- I-95 go to to East Broward Blvd. - head East. Turn left onto NW 15TH Avenue. Turn Right onto NW 2nd Street and head East. Property is on Left.
- Flooring:
- Vinyl
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash,Conventional,1031 Exchange
- Lot Features
- Parcel Number:
- 504204500180
- Subdivision Name:
- SEMINOLE FOREST
- Tax Annual Amount:
- $5,580
- Tax Year:
- 2024
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
1316 Nw 3rd St, Fort Lauderdale, Florida 33311, Fort Lauderdale, Florida 33311
1,250 Sqft
$5,200,000
MLS # #A11858426
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $5,200,000
- Square Footage :
- 1,250 Sqft
- Year Built :
- 2008
- MLS # :
- A11858426
- Property Sub Type :
- Quadruplex
