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    3932 12Th Pl Fort Lauderdale, FL 33312

    For Sale
    $1,750,000

    High-Yield Investment Opportunity in Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 8-unit apartment building presents a compelling investment opportunity in the heart of Fort Lauderdale, Florida. Located at 3932 SW 12th Place, 33312, this property boasts a prime location, offering immediate cash flow and significant upside potential. Built in 1955, the building comprises eight one-bedroom, one-bathroom units, each equipped with impact windows and central air conditioning. The property's strong rental income is further enhanced by its proximity to a city-owned vacant lot at the corner of 441/Davie Boulevard, suggesting potential for future development or expansion. The asking price is $1,750,000. While the lot size is not specified, the strategic location and the building's solid rental history make this a rare find in the competitive Fort Lauderdale market. This renovated property offers a blend of immediate returns and long-term growth prospects, making it an ideal addition to any investment portfolio. The property's eight units provide a stable income stream, while the surrounding area's development potential presents exciting possibilities for future value appreciation. This is a truly unique opportunity to acquire a well-maintained, income-producing asset in a highly desirable location. Don't miss this chance to secure your financial future in one of Florida's most vibrant cities.

    Property Features for 3932 12Th Pl

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1955
    Units
    8

    HighLights

    • Exceptional 8‑unit apartment building in prime Fort Lauderdale location (3932 SW 12th Place, 33312).
    • Eight one‑bedroom, one‑bathroom units, each with impact windows and central AC.
    • Strong rental income with significant upside potential due to nearby vacant city lot.
    • Asking price: $1,750,000.
    • Renovated property offering immediate returns and long‑term growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.200648
    Latitude
    26.1049965

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    FAQs

    What type of property is this?
    Specialty property - High-Yield Investment Opportunity in Prime Location
    Where is this specialty property located?
    The property is located at 3932 12Th Pl Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Exceptional 8-unit apartment building in prime Fort Lauderdale location (3932 SW 12th Place, 33312).; Eight one-bedroom, one-bathroom units, each with impact windows and central AC.; Strong rental income with significant upside potential due to nearby vacant city lot.
    Request Owner's contact information
    3932 12Th Pl Fort Lauderdale, FL 33312
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    Fort Lauderdale, FL 33312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3932 12Th Pl Fort Lauderdale, FL 33312
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