3932 SW 12th Pl Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33312
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,152 sqft
Price per Sqft $397
MLS Listing ID A11846232
Year Built 1956
Annual Tax Amount $24,250
Lot Size 10,631 Sqft
Property Sub-Type Multi Family
Property Description
Discover a prime cash-flowing investment at 3932 SW 12th Pl, Fort Lauderdale, presented by Fausto Commercial. This renovated 8-unit property features eight 1-bedroom units, each nicely updated with modern finishes and equipped with impact-resistant doors and windows, plus all-new electric meters. The building spans approximately 4,152 sq ft on a 10,631 sq ft lot, offering strong tenant appeal. The property is currently generating a net operating income of $114,800, reflecting a 6.96% cap rate, with easy potential to exceed 7% through modest rent increases. Located just minutes from Downtown Fort Lauderdale, Las Olas, the airport, beaches, and top entertainment spots, this property offers strong rental income and long-term upside in one of South Florida's hottest rental markets.
Location
State FL
County Broward
Area 3331
Interior
Heating Other
Cooling Other
Flooring Other,Tile
Exterior
Exterior Feature Security/High Impact Doors
Roof Type Tar/Gravel
Building
Story 1
Structure Type Block
Others
Acceptable Financing Cash,Conventional,Owner May Carry
Listing Terms Cash,Conventional,Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11846232