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    414 SE 14 St

    Fort Lauderdale, FL 33316
    • $4,495,000
    • STATUS: Active
    • ON SITE: 290 days
    • ID#: F10216019
    UPDATED: 74 min ago
    $4,495,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    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. 5.3% cap rate plus oversized parcel for possible development of up to 75 units with rezone.

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    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2020 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2020-11-24T17:18:08.06.
    www.myreynoldsteam.com/homes/103027843
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    414 SE 14 St Fort Lauderdale, FL 33316

    • Price: $4,495,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: F10216019
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    27 Units On 1.4 Acres
    County:
    Broward
    Area:
    3800
    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. 5.3% cap rate plus oversized parcel for possible development of up to 75 units with rezone.
    Exterior Features

    Approximate Lot Size 61415 Sf Appx Construction Type Cbs Construction Location Of Property City LocationCorner Lot Parking Description Common Parking Parking Spaces 33 Style Of Property Income Non-Waterfront Type Of Property Income/Multi-Family Waterfront Property YN No

    Interior Features

    Cooling Description Central Individual A/CWall/Window Unit Cooling Sq Ft Total 18612

    Property Features

    Building Name Number 27 Units On 1.4 Acres Geographic Area Ft Ldale Se (3280;3600;3800) Information Available Aerial Photo(S)Books & RecordsRent RollsExisting Survey Lease Term Info Annual LeaseMonth To Month Lease Miscellaneous Information Fenced AreaDryer(S) LeasedWasher(S) LeasedRear Access Occupancy Information Call Listing Agent Ownership Other Ownership Possession Information FundingSubject To Lease Property Sq Ft 18612 REO No Sewer Description Public Sanitation Short Sale No Special Information City Jurisdiction Tax Amount 50208 Tax Year 2019 Terms Considered CashConventional/Refinance Type Of Building ApartmentsResidential-Multi-Family Unit Count 4 Water Description Public Water Zoning Information Rmm25

    Listing provided courtesy of The Keyes Company. Listing information © 2020 BeachesMLS


    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2020 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2020-11-24T17:18:08.06.
     
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    The Reynolds Team/ONE Sotheby’s International Realty
    1701 Highway A1A, Suite 104
    Vero Beach FL, 32963