Unique opportunity to own a legal 6-unit building + a laundry room, large corner lot located in the east fort lauderdale neighborhood of lake ridge! Five studios & one 1-bedroom. Building recently updated/renovated . New electrical panels, partial pvc, tile flooring, several water heaters, appliances & a/c units replaced, recessed lighting, w/d on site. Parking for 8+ cars. All long-term tenants now, but this is a perfect airbnb opportunity for the future! Current cap rate 5.1%. Less than 2 miles to fort lauderdale beach!
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Martine Guimez • Miami Forever Real Estate • Buyer Agency Compensation .
Instant Comparative Market Analysis
Closed
Active
$100/ft²
$500/ft²
$1,000/ft²
$1,600/ft²
Unit 1717 NE 12th St – Asking
$521/ft²
(+28%) from Closed Medium $/ft²
Closed Medium $/ft²
$406/ft²
Community $/Price Range (Closed) $229/ft² – $1429/ft²
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