11 SW 11th Ave new Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33312
Key Details
Property Type Commercial
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Waverly Place 2-19 D
MLS Listing ID F10518998
Annual Tax Amount $10,524
Tax Year 2024
Lot Size 0.358 Acres
Property Sub-Type Residential
Property Description
Located in the heart of the desirable Sailboat Bend Historic District, this prime property offers an unparalleled investment opportunity just minutes from downtown Fort Lauderdale and the Discovery Center. Situated on more than 1/3 acre and zoned RMM-25 (Residential Multifamily Medium High Density), this site provides the flexibility to expand and capitalize on its full potential.
Currently, the property features two charming income-producing cottages generating $3,600/month in rental income. With the potential to add 5+ additional multi-level units, this property presents a rare chance for a developer or private owner to create a boutique multifamily development in one of Fort Lauderdale's most unique and historic neighborhoods.
Location
State FL
County Broward County
Area Ft Ldale Sw (3470-3500;3570-3590)
Zoning RMM-25
Exterior
Utilities Available Cable Tv,Electric,Gas,Sewer,Trash Removal,Water
Building
Lot Description Less Than 1 Acre
Sewer Public Sanitation
Water Municipal Water
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
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