414 SE 14 St Fort Lauderdale, FL $ 4,750,000
414 SE 14 St
$ 4,750,000
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414 SE 14 St

Fort Lauderdale, FL, 33316
$ 4,750,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 22,650

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414 SE 14 St, Fort Lauderdale, FL 33316 - Image 1
414 SE 14 St, Fort Lauderdale, FL 33316 - Image 2

Commercial Property for sale in Fort Lauderdale, FL

for $4,750,000.

27 Unit Apartment Complex consisting of six adjacent parcels on 1.4 acres of land in the downtown area of southeast Fort Lauderdale. The property fronts on 3 streets and sale includes 400-414 SE 14 St and 401-417 SE 14 Court. Las Olas Blvd, the beach, airport, port, and Broward Medical Center are all in close proximity. Good upside potential as annual rentals, or consider vacation rentals for significant revenue boost. Expansive land area offers potential for redevelopment to higher density. For all of these possibilities, this unique parcel is a strong investment candidate. Income figures are projected rents with 2019 actual expenses. 5.1% cap rate plus oversized parcel for possible development of up to 75 units with rezone.

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Commercial Active

Price

$ 4,750,000

Property Type

Commercial

Taxes

$ 50,208

Style

Income

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

F10216019

Features
Interior
Appliances Washer
Cooling System Central Air/Unit Wall Unit(s)
Sewer Sanitary
Water Source Public Water
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Exterior
Lot Description City/Village
Parking 21-40 Parking Spaces Common Parking
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Miscellaneous
Location Corner Lot
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* Excluded Features
List By
The Keyes Company

Broker

Affordability Calculator

$26,834
Per Month
84%
16%
0%
Monthly Principal & Interest
$22,650
Monthly Property Taxes
$4,184
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 3.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Pricing History
DatePricePrice ChangeDescription
7/11/2020$4,750,000 -12.76% Price Down
5/23/2020$5,444,500 -5.07% Price Down
2/14/2020$5,735,000 -4.18% Price Down
2/8/2020$5,985,000 Listed Price

Map


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414 SE 14 St , Fort Lauderdale, FL, 33316 is a Commercial Property for sale at $4,750,000. 414 SE 14 St has 0.0 baths. The property's zip code is 33316 which is in Fort Lauderdale, FL