UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,157 sqft
Price per Sqft $712
MLS Listing ID A11948614
HOA Y/N Yes
Year Built 1961
Annual Tax Amount $26,554
Tax Year 2025
Lot Size 6,633 Sqft
Property Sub-Type Multi Family
Property Description
Rare opportunity to acquire a legal 5-unit multifamily building in the heart of Victoria Park, one of Fort Lauderdale's most desirable and supply-constrained neighborhoods. RCs-15 zoning severely restricts new multifamily construction, making existing income-producing properties like this increasingly rare and difficult to replace.
This two-story building features a strong unit mix with 3 large 1-bedroom units, 1 spacious studio, and 1 very large 2-bedS/ 1-bath unit. All 5 legal units were fully renovated in 2024, including updated kitchens, bathrooms, flooring, and comprehensive interior upgrades. Full impact windows are installed throughout all units, enhancing safety, insurability, and long-term value.
The property generated over $180,000 in gross income in 2025 and is currently operated as a short-term rental business. The existing short-term rental operation is included in the sale, and the property is offered fully furnished and equipped, allowing immediate continuation of operations upon closing.
Additional features include a 6,633 SF lot, 6 on-site parking spaces, a separate exterior coin-operated laundry room, and six individual electrical meters (1 per legal unit) plus an additional house meter.
A true turnkey, legal multifamily investment in a prime location where new commercial and multifamily development is no longer permitted, supporting long-term cash flow and appreciation.
Location
State FL
County Broward
Area 3270
Exterior
Private Pool Yes
Others
Tax ID 504202152491
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11948614
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