508-512 SW 4 Ave, Fort Lauderdale, FL 33315

$1,999,000
List Price
$1,999,000
MLS#
F10336004
Status
ACTIVE
Type
Commercial
City
Fort Lauderdale
Year Built
1950
Lot Dimensions
12500

Property Description

Rarely available multifamily opportunity in the downtown Fort Lauderdale core. 8-unit apartment complex situated on 2 lots within Fort Lauderdale’s Regional Activity Center (RAC). Highly intense RAC-SMU zoning. Walk to everything downtown has to offer. Easy to rent and always fully occupied. Longtime owner with well below market rents. Tons of upside. Enjoy safe and steady rental income while you wait for developers to bang down your door when this block is ultimately assembled for redevelopment. Being sold below today’s land value!

Additional Information

Taxes
$15,576
Water
Public Water
Sewer
Public Sanitation

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Southern Commercial Properties.