Fort Lauderdale Multifamily Redevelopment
1111 SW 4th St Fort Lauderdale, FL 33312
1111 SW 4th St, Fort Lauderdale, FL, 33312
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For Sale
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Income-producing 12-unit property with redevelopment potential in Sailboat Bend.
Property Size7,839 SF
Lot Size0.40 Acres
Price / SF$375.05
Days on Market130
Property Features for 1111 SW 4th St
General Information
- Standard status
- Active
- Size
- 7,839 SF
- Lot size
- 0.40 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1976
Listing Agency
Miami Connections Realty LLC
Listed by
Melina Grinberg · License #3366071
Source
Crexi
Added: Mar 11 Checked: Jul 17 at 11:52 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miami Connections Realty LLC
Investment Insights
Based on property information with market context.
Located in the Sailboat Bend area of Fort Lauderdale, this multifamily property presents an opportunity for investors. The 17,499 square foot (0.40 acre) lot is zoned RML-25 with Medium-High Density Future Land Use, offering redevelopment clarity. Currently, the property features a 7,839 square foot, 12-unit multifamily building constructed in 1976, which is actively operating as an income-producing asset. The existing improvements provide immediate cash flow potential with value-add upside through renovation, repositioning, or strategic redevelopment. RML-25 zoning allows up to 25 units per acre. Density calculations indicate approximately 10 units by right on a 0.40-acre lot; however, the existing 12-unit configuration may benefit from legal non-conforming or grandfathered status based on original approvals. Permitted typologies under RML-25 include multifamily, duplex, townhouse group, cluster dwellings, zero lot line, and hotel use (where applicable). The property is located within the NDCR Overlay and FEMA AE flood zone (BFE 6 ft). The location is minutes from Downtown Fort Lauderdale, Las Olas, major transportation corridors, and ongoing redevelopment activity. This property is suited for investors seeking stabilized income with long-term redevelopment optionality.
Key Highlights
- Prime location in the desirable Sailboat Bend area of Fort Lauderdale, minutes from Downtown, Las Olas, and major transportation.
- Significant redevelopment potential due to RML‑25 zoning and Medium‑High Density Future Land Use designation, allowing for various residential typologies.
- Existing 12‑unit multifamily building provides immediate cash flow as an income‑producing asset.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $225.8k | $28.80 |
| − Vacancy | −$11.7k | −$1.50 |
| EGI | $214.0k | $27.30 |
| − OpEx | −$96.3k | −$12.29 |
| NOI | $117.7k | $15.02 |
7,839 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,713 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.27M
$4.61M – $6.15M
NOI $368,747 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Income-producing 12-unit property with redevelopment potential in Sailboat Bend.
Where is this apartment building located?
The property is located at 1111 SW 4th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,940,000.
What are key features of this property?
This property features: Prime location in the desirable Sailboat Bend area of Fort Lauderdale, minutes from Downtown, Las Olas, and major transportation.; Significant redevelopment potential due to RML‑25 zoning and Medium‑High Density Future Land Use designation, allowing for various residential typologies.; Existing 12‑unit multifamily building provides immediate cash flow as an income‑producing asset.
