4512 Seagrape Dr Lauderdale-by-the-Sea, FL 33308
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 4512 Seagrape Dr
- Year built
- 1960
- Property type
- Small apartment buildings
Description
This meticulously maintained 1960-built duplex in Lauderdale-by-the-Sea, Florida (33308), presents a compelling investment opportunity. Located at 4512 Seagrape Dr, this single-story property boasts a prime location, just steps from the beach, shops, restaurants, and entertainment. The duplex features two spacious 2-bedroom, 2-bathroom units, each with updated amenities. Unit 1 is currently rented at $3000 per month, while Unit 2 commands a $4000 monthly rent under a one-year lease. Both units feature attractive terrazzo floors, updated kitchens, and generous living spaces. Unit 2 also includes a large sunroom or family room. Additional features include two screened patios per unit, in-unit washer/dryers, and a two-car garage. Recent upgrades include a 2019 tile roof, 2018 hurricane windows, and a newer central heating and air conditioning system. The property sits on a large lot with lush tropical landscaping. The existing structure offers significant potential for expansion, allowing for the creation of additional units to further enhance the investment return. This is an exceptional opportunity for investors seeking a high-yield property in a highly desirable coastal location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lauderdale-by-the-Sea
- County
- Broward
- State
- Florida
- Longitude
- -80.0985142
- Latitude
- 26.1930859
