901 NW 3rd Ave - Apartments FOR SALE


Fort Lauderdale, FL 33311
$1,100,000 USD
267-912-1407
901 NW 3rd Ave, Fort Lauderdale, FL for Sale
$1,100,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

901 NW 3rd Ave
Fort Lauderdale, FL 33311


HIGHLIGHTS

  • Fantastic corner lot in the Progresso Village neighborhood.
  • Architectural plans, landscape plans, and civil plans are completed and included in the sale.

OVERVIEW

Fantastic corner lot in the Progresso Village neighborhood of Fort Lauderdale, with a pending DRC approval for a modern, 7-unit apartment building with parking. (4) 3-bedroom units, (1) 2-bedroom units, and (2) 1-bedroom units with 14 parking space lot. Plans available to share - please inquire. Architectural plans, landscape plans, and civil plans are completed and included in the sale. Owner is a licensed GC and is willing to build this for an investor after the sale. DRC Approval anticipated within 60 days. Buyer to be responsible for final building permits. Anticipated proforma results in a $150k NOI, but conservative numbers were used for rents and expenses so it may be higher. AirBnB/Short Term may be a great play for these units as well to maximize income.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

7

PRICE/UNIT

$157,143

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,801 SF

ZONING

RMM-25

APN/PARCEL ID

49-42-34-05-5610

ASK ABOUT THIS PROPERTY

Daniel KostinskyCRBN DevelopmentMore Info
267-912-1407

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Daniel KostinskyCRBN DevelopmentMore Info
267-912-1407

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.