12-Unit Apartment Building For
1111 SW 4th St Fort Lauderdale, FL 33312
1111 SW 4th St, Fort Lauderdale, FL, 33312
$3,180,000
For Sale
$3,180,000
Operating 12-unit multifamily building on a 17,499 SF lot in an NDCR Overlay and FEMA AE flood zone.
Property Size7,839 SF
Lot Size0.40 Acres
Price / SF$405.66
Days on Market183
Property Features for 1111 SW 4th St
General Information
- Standard status
- Active
- Size
- 7,839 SF
- Lot size
- 0.40 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1976
Listing agency
Miami Connections Realty LLC
(786) 683-3593
Listed by
Melina Grinberg
(786) 683-3593
Source
Xome
Added: Jan 21 Updated: Jul 20 at 4:42PM Checked: Jul 22 at 3:39AM
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.
This for-sale multifamily property includes a 12-unit apartment building totaling 7,839 SF, constructed in 1976 and actively operating as an income-producing asset. The site consists of a 17,499 SF lot (0.40 acres). Zoning is listed as RML-25, with a Medium-High Density future land use designation noted as aligned with the zoning. Under RML-25, up to 25 units per acre is permitted, and the information provided indicates density calculations of approximately 10 units “by right” on the 0.40-acre lot. The existing 12-unit configuration may involve legal non-conforming or grandfathered status, but buyers should independently verify redevelopment potential and density allowances.
The property is located within the NDCR Overlay and within the FEMA AE flood zone, with a stated BFE of 6 ft. Permitted typologies under RML-25 in the provided materials include multifamily, duplex, townhouse group, cluster dwellings, zero lot line, and hotel use (where applicable).
The property is located within the NDCR Overlay and within the FEMA AE flood zone, with a stated BFE of 6 ft. Permitted typologies under RML-25 in the provided materials include multifamily, duplex, townhouse group, cluster dwellings, zero lot line, and hotel use (where applicable).
Key Highlights
- Operating 12‑unit multifamily building totaling 7,839 SF on a 17,499 SF (0.40‑acre) lot
- Central air cooling; security lighting and parking included
- 18 parking spaces with guest parking, shared driveway, and assigned parking space(s)
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 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.27M
$4.61M – $6.15M
NOI $368,747 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Operating 12-unit multifamily building on a 17,499 SF lot in an NDCR Overlay and FEMA AE flood zone.
Where is this multifamily property 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 $3,180,000.
What are key features of this property?
This property features: Operating 12‑unit multifamily building totaling 7,839 SF on a 17,499 SF (0.40‑acre) lot; Central air cooling; security lighting and parking included; 18 parking spaces with guest parking, shared driveway, and assigned parking space(s)
