PRICED AT ONLY: $1,495,000
Address: 11 11th Ave , Fort Lauderdale, FL 33312
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 Lauderdales most unique and historic neighborhoods.
Property Location and Similar Properties
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- MLS#: F10518998 ( Commercial/Business/Agricultural/Industrial Land )
- Street Address: 11 11th Ave
- Viewed: 6
- Price: $1,495,000
- Price sqft: $0
- Waterfront: No
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 71
- Additional Information
- County: BROWARD
- City: Fort Lauderdale
- Zipcode: 33312
- Subdivision: Waverly Place 2 19 D
- Building: Waverly Place 2 19 D
- Provided by: LoKation
- Contact: Lisa Stephenson
- (954) 545-5583
- DMCA Notice
Features
Building and Construction
- Surface Description: Paved Road
Property Information
- Styleof Property: Income (Other)
- Typeof Property: Residential
Land Information
- Land Improvements: Home, Sprinklers
- Lot Depth: 130
- Lot Description: Less Than 1 Acre
- Lot Frontage: 125
- Lot Sq Footage: 15600
- Subdivision Name: Waverly Place 2-19 D
- Total Acreage: 0.3600
Eco-Communities
- Environmental Audit: None
- Water Description: Municipal Water
Utilities
- On Site Utilities: Electric, Gas, Irrigation Water, Sewer, Water
- Sewer Description: Public Sanitation
- Utilities Available: Cable Tv, Electric, Gas, Sewer, Trash Removal, Water
Finance and Tax Information
- Dade Assessed Amt Soh Value: 609790
- Dade Market Amt Assessed Amt: 609790
- Tax Year: 2024
Other Features
- Available Documents: Aerial Photo, Site Plans, Survey Available
- Board Identifier: BeachesMLS
- Comprehensive Plan Use: Central Urban
- Country: United States
- Geographic Area: Ft Ldale SW (3470-3500;3570-3590)
- Ground Cover Description: Grass/Pasture
- Legal Description: WAVERLY PLACE 2-19 D LOT 1 THRU 5, 6 E 5 & S1/2 VAC ALLEY ABUTTING SAID LOT BLK 124
- Location: Corner Location, Corner Lot
- Parcel Number Mlx: 2420
- Parcel Number: 504209092420
- Possession Information: At Closing, Funding
- Postal Code + 4: 2671
- Usage: Other Usage
- Zoning Information: RMM-25
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- Provided by One Sotheby's Int'l Realty
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
