3932 SW 12th Place

Listing Snapshot

Price

$1,545,000

Days on Site

314 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

4,152 sqft

Lot Size

0.24 Acres

Year Built

1956

Property Type

Commercial

MLS #

A11846232

Property Tax

$24,250

County

Broward

Status

Sold

About This Property

Discover a prime cash-flowing investment at 3932 SW 12th Pl, Fort Lauderdale, presented by Fausto Commercial. This renovated 8-unit property features eight 1-bedroom units, each nicely updated with modern finishes and equipped with impact-resistant doors and windows, plus all-new electric meters. The building spans approximately 4,152 sq ft on a 10,631 sq ft lot, offering strong tenant appeal. The property is currently generating a net operating income of $114,800, reflecting a 7.43% cap rate, with easy potential to exceed 7.5% through modest rent increases. Located just minutes from Downtown Fort Lauderdale, Las Olas, the airport, beaches, and top entertainment spots, this property offers strong rental income and long-term upside in one of South Florida’s hottest rental markets.

General Features

Property Type

Commercial

Status

Sold

Year Built

1956

Lot Size (Acres)

0.24

Total Sq Ft

4,152

Zoning

RMM-25

Interior Features

Cooling

Other

Heating

Other

Flooring

Other / Tile

Exterior Features

Construction

Block

Roof

Tar Gravel

Community & HOA

Financing Terms

Cash / Conventional / Owner Will Carry

MLS Area

3570