Exceptional multifamily opportunity in the highly desirable Sailboat Bend area of Fort Lauderdale. This 17,499 SF lot (0.40 acres) is zoned RML-25 with Medium-High Density Future Land Use designation zoning and FLU are aligned, providing long-term redevelopment clarity and stability.The property is currently improved with a 12-unit multifamily building totaling 7,839 SF, originally built in 1976 and actively operating as an income-producing asset. The existing improvements present immediate cash flow potential with value-add upside through renovation, repositioning, or strategic redevelopment.Prime location minutes from Downtown Fort Lauderdale, Las Olas, major transportation corridors, and ongoing redevelopment activity.Ideal for investors seeking stabilized income with long-term redevelopment optionality.
| MLS # | A11966949 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1976 |
| Days On Site | 167 |
| Listing Provided By | Miami Connections Realty LLC | Melina Grinberg |
| SQ Feet | 7,839 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Zoning | RML-25 |
| Acreage | 0.40 |
| Lot Features | Corner Lot, Landscaped, Sprinkler System |
|---|
| Parking Features | Assigned, Common, Guest |
|---|
| Tax Annual Amount | 37280 |
|---|
| Community Features | Laundry Facilities |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33312 |
| Area | 3470 |
| Listing VS Median (in 33312) | |
Price: $2,940,000 low | high Med: $369,500 sqft: 7,839 low | high Med: 1,612 $ / sqft: $375 low | high Med: $229 On site: 167 low | high Med: 113 | |
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33312 |
| Area | 3470 |
| Listing VS Median (in 33312) | |
Price: $2,940,000 low | high Med: $369,500 sqft: 7,839 low | high Med: 1,612 $ / sqft: $375 low | high Med: $229 On site: 167 low | high Med: 113 | |
![]() | $13,995,000700 Sw 12th AvenueFort Lauderdale, FL 33312 |