Price Reduction
Address
414 SE 14 St Fort Lauderdale, FL
Price
$ 4,750,000
Property Attributes
  • MLS#F10216019
  • TypeCommercial
  • CountyBROWARD
  • CityFort Lauderdale
  • AreaFt Ldale SE
  • Neighborhood27 Units on 1.4 Acres
  • Zip33316
  • StyleIncome Non-Waterfront
  • Taxes50208
  • Price$ 4,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18612
Listing Provided Courtesy Of:
The Keyes Company
Property Description

27 Unit Apartment Complex consisting of six adjacent parcels on 1.4 acres of land in the downtown area of southeast Fort Lauderdale. The property fronts on 3 streets and sale includes 400-414 SE 14 St and 401-417 SE 14 Court. Las Olas Blvd, the beach, airport, port, and Broward Medical Center are all in close proximity. Good upside potential as annual rentals, or consider vacation rentals for significant revenue boost. Expansive land area offers potential for redevelopment to higher density. For all of these possibilities, this unique parcel is a strong investment candidate. Income figures are projected rents with 2019 actual expenses. 5.1% cap rate plus oversized parcel for possible development of up to 75 units with rezone.

Price History
2/7/2020 Listed $5,985,000
2/13/2020 5% - $5,735,000
5/22/2020 6% - $5,444,500
7/10/2020 13% - $4,750,000

General Features

Acreage Description 1+ To 2 Acres
Approximate Lot Size 61415 SF Appx
Area 3800
Prop Type Typeof Building Apartments, Residential-Multi-Family
Property Description 27 Units on 1.4 Acres
Property Sq Ft 18612
Property Type Commercial/Industrial
Section 15
Styleof Property Income Non-Waterfront
Subdivision Complex Bldg 27 Units on 1.4 Acres
Township Range 5042
Type of Property Income/Multi-Family
Utility Expense 22252
Water Description Public Water
Zoning Information RMM25

Interior Features

Cooling Description Central Individual A/C, Wall/Window Unit Cooling
Internet Yn Yes
Num Floors 2
Stories 2.0000
Units 27

Exterior Features

Buidlings 7
Construction Type Cbs Construction
Parking Description Common Parking
Parking Spaces 33
Sewer Description Public Sanitation

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33316

Price
AVG $1.27M
$4.75M
Taxes
AVG $41,454
$50,208
Visits
AVG 43
157
Walkscore
AVG 80
80
Data Provided by Walkscore ® not using MLS data