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Gelfand Realty Miami Properties for Sale - Multi Family for Sale

1316 NW 3RD ST, FORT LAUDERDALE, FL 33311

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Multi Family - SEMINOLE FOREST for Sale

1316 NW 3RD ST, FORT LAUDERDALE, FL 33311

Asking Price$5,200,000 Change Price$200,000

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  • Days on market:

    37 day(s)
  • Adjusted Area:

    1225 sqft
  • Original Price:

    $5,400,000
  • Price per sqft:

    $4160
  • Tax Legal Description:

    SEMINOLE FOREST 14-16 B PORTION LOT 13 BLK 3 DESC AS: COMM NE COR LOT 15,W 100.33 ALG N/L TO POB,S 53.24,W 30.16,N 53.16,E 30.16 TO POB AKA:
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Style:

    Fourplex
  • Construction Type:

    Concrete Block Construction
  • Roof:

    Other
  • Cooling Description:

    Central AirCeiling Fan(s)
  • Heating Description:

    Central
  • Floor Description:

    Vinyl
  • Lot Features:

    3/4 To Less Than 1 Acre Lot
  • Type of Association:

    Homeowners

Description

$5,200,000 • living size area 1250 sqft

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.

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