1910 56th St Fort Lauderdale, FL 33308-2452
This exceptional investment opportunity presents a 4-unit, 2-bathroom multifamily property in desirable Fort Lauderdale, Florida. Originally constructed in 1960 as a duplex, the property has been successfully operated as a licensed 7-bed assisted living facility. Currently delivered vacant, this presents a unique chance for an investor to either continue operating it as an assisted living facility or repurpose the space to suit their needs. The property boasts a screened-in pool and a shed, adding to its appeal. Situated at 1910 NE 56th St, Fort Lauderdale, FL 33308, this property enjoys a prime location near US-1 and Commercial Boulevard, providing convenient access to major highways, a wide array of shopping and dining options, and is just minutes away from the beautiful beaches Fort Lauderdale is known for. The asking price is $950,000. This property offers excellent potential for strong returns in a highly sought-after area. Its existing infrastructure and convenient location make it an attractive proposition for investors seeking a ready-to-develop or easily managed income-generating asset. The property's history as a licensed assisted living facility provides a solid foundation for future use, while its vacant status allows for immediate customization and adaptation to a new business plan. Don't miss this chance to acquire a valuable piece of Fort Lauderdale real estate.
-
The Garden Of Health Home Health Care Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RMM-25 · Fort Lauderdale, FLFort Lauderdale. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.