3932 SOUTH WEST 12TH PL, Fort Lauderdale
$1,595,000 USD
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| Address | 3932 SOUTH WEST 12TH PL, Fort Lauderdale |
| Building Name | Lauderdale West |
| Type of Property | Quadruplex |
| Property Style | Quadruplex |
| Price | $1,595,000 |
| Previous Price | $1,650,000 (43 days ago) |
| Property Status | Active |
| MLS Number | A11840577 |
| Year Built | 1956 |
| Parking Space Number | 10 |
| Folio Number | 504218010690 |
| Gross Rent Income | $158,400 |
| Net Operating Income | $114,800 |
| Zoning Information | RMM-25 |
| Days on Market | 53 |
Detailed 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. The 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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Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33312 |
| Address | 3932 SOUTH WEST 12TH PL |
Financial Information
| Price | $1,595,000 |
| Price per Foot | $0 |
| Previous Price | $1,650,000 |
| Folio Number | 504218010690 |
| Gross Rent Income | $158,400 |
| Net Operating Income | $114,800 |
| Tax Amount | $24,250 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed 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. The 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. |
| Roof Description | Tar and Gravel Roof |
| Floor Description | Other, Tile |
| Cooling Description | Central Air, Other |
| Heating Description | Central, Other |
| Sewer Description | Public Sewer |
Property parameters
| Zoning Information | RMM-25 |
| Year Built | 1956 |
| Type of Property | Quadruplex |
| Style | Quadruplex |
| Building Name | Lauderdale West |
| Development Name | Lauderdale West |
| Construction Type | Concrete Block Construction,CBS Construction |
| Stories Number | 1.000 |
| Street Direction | South West |
| Parking Space Number | 10 |
| Listed with | Fausto Commercial Realty Consultants Inc |