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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 1,595,000

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3932 SW 12th Pl Fort Lauderdale, FL 33312

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Lauderdale West

MLS Listing ID A11840577

Style Fourplex

Construction Status Effective Year Built

HOA Y/N No

Year Built 1956

Annual Tax Amount $24,250

Tax Year 2024

Property Sub-Type Quadruplex

Property Description

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 7.2% 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.

Location

State FL

County Broward

Community Lauderdale West

Area 3331

Interior

Heating Central, Other

Cooling Central Air, Other

Flooring Other, Tile

Window Features Impact Glass

Exterior

Exterior Feature Security/High Impact Doors

Pool None

Utilities Available Cable Available

Roof Type Tar/Gravel

Total Parking Spaces 10

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories One

Structure Type Block

Construction Status Effective Year Built

Others

Tax ID 504218010690

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11840577

Listed by Fausto Commercial Realty Consultants Inc

Alex Mendel

Agent

+1(561) 827-8449

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Alex Mendel

3932 SW 12th Pl Fort Lauderdale, FL 33312

Key Details

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3932 SW 12th Pl