Multifamily in Fort Lauderdale, FL 33311

Fort Lauderdale No HOA, 634 NW 12th Ave

Exceptional investment opportunity on a prime 6,750 sq. ft. lot in Fort Lauderdale. This property is zoned RMM-25 (Residential Multi-Family Mid-Rise), which may allow for a maximum density of 25 units per acre. The lot’s 135-foot depth provides a substantial footprint for potential building expansion or additional units. Collect rent now until your ready to build. The property currently features a well-maintained duplex located in a high-demand area with a high appreciation trend and an 82/100 Walk Score. Buyers are encouraged to perform independent due diligence regarding zoning, land use, and specific development feasibility with the City of Fort Lauderdale. All information is deemed reliable but not guaranteed. Prime Expansion Footprint: The lot features a 135-foot depth, providing ample room for a large addition or a detached third unit while maintaining private backyard space for all tenants. Immediate Cash Flow: Two well-maintained units are ready for top-of-market rents, providing a strong yield while you plan your expansion. Incredible Walkability: With a Walk Score of 82/100, this location is a "Walker’s Paradise". Tenants are minutes away from Downtown Fort Lauderdale, the Brightline Station, and the vibrant Sistrunk corridor. Investment Specifications: Lot Size: 50' x 135' (6,750 sq ft). Current Structure: duplex, 60% improved lot. Zoning Setbacks (RMM-25): 25' Front, 15' Rear, and 5' Side (up to 22' height).