16
3932 SW 12th Pl
$1,595,000 Sale
Listed 29 days ago
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Key Facts
Key facts for 3932 SW 12th Pl
Property Type
Apartment, Unspecified
Parking
10 parking
MLS #
A11846232
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
$24,250 /yr
Days on Market
-
Year Built
1956
Maintenance Fee
-
Description
Discover a prime cash-flowing investment at 3932 SW 12th Pl, Fort Lauderdale, presented by Fausto Commercial. This renovated 8-unit property features eight 1-bedroom units, each nicely updated with modern finishes and equipped with impact-resistant doors and windows, plus all-new electric meters. Th...e building spans approximately 4,152 sq ft on a 10,631 sq ft lot, offering strong tenant appeal. The property is currently generating a net operating income of $114,800, reflecting a 7.2% cap rate, with easy potential to exceed 7.5% through modest rent increases. Located just minutes from Downtown Fort Lauderdale, Las Olas, the airport, beaches, and top entertainment spots, this property offers strong rental income and long-term upside in one of South Florida’s hottest rental markets.
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Listing courtesy of: Fausto Commercial Realty Consultants Inc