Fort Lauderdale, FL 33311,1316 NW 3rd St
Fort Lauderdale, FL 33311,1316 NW 3rd St
Fort Lauderdale, FL 33311,1316 NW 3rd St
Fort Lauderdale, FL 33311,1316 NW 3rd St
Fort Lauderdale, FL 33311,1316 NW 3rd St
Fort Lauderdale, FL 33311,1316 NW 3rd St
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$ 5,400,000
Est. payment | /mo

1,250 SqFt


$ 5,400,000
Est. payment | /mo

1,250 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,250 sqft

Price per Sqft $4,320

Subdivision Seminole Forest

MLS Listing ID A11858426

Style Fourplex

Construction Status Effective Year Built

HOA Fees $250/mo

HOA Y/N Yes

Year Built 2008

Annual Tax Amount $5,580

Tax Year 2024

Property Sub-Type Quadruplex

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.

Location

State FL

County Broward

Community Seminole Forest

Area 3460

Direction 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.

Interior

Heating Central

Cooling Central Air, Ceiling Fan(s)

Flooring Vinyl

Exterior

Pool None

Utilities Available Cable Not Available

Roof Type Other

Total Parking Spaces 2

Private Pool No

Building

Lot Description <1 Acre

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Construction Status Effective Year Built

Others

Tax ID 504204500180

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11858426

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Charles Rutenberg Realty FTL
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1316 NW 3rd St