Large 13,500 sf lot overlooking Holiday Park. Property currently has a fully occupied 7-plex producing $5650 per/mo ($67,800 PER YEAR))with potential for MUCH HIGHER income. Cap Rate 5.7% with potential for 6.6% There are 5-1/1’s, 1 studio and 1-2/1. Property can be sold for vacant land and build townhomes or kept as income property. Zone RMM-25 for multiple townhomes. No plans available. Buyer must inquire with the city for what will be approved to build. MAX DENSITY IS UNITS . BUILDING HEIGHT OF 55′
Sold Date: 06/01/2015
| Price: | $$800,000 |
| Address: | 625 14TH AVE |
| City: | Fort Lauderdale |
| State: | FL |
| MLS: | F1323770 |
| Year Built: | 1961 |
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