1316 NORTH WEST 3RD ST, Fort Lauderdale
$5,200,000 USD
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| Address | 1316 NORTH WEST 3RD ST, Fort Lauderdale |
| Building Name | SEMINOLE FOREST |
| Type of Property | Quadruplex |
| Property Style | Quadruplex |
| Price | $5,200,000 |
| Previous Price | $5,400,000 (18 days ago) |
| Property Status | Active |
| MLS Number | A11858426 |
| Living Area | 1250 |
| Year Built | 2008 |
| Parking Space Number | 2 |
| Folio Number | 504204500180 |
| Zoning Information | RMM-25 |
| Days on Market | 54 |
Detailed Description: Exceptional investment opportunity featuring 17 stabilized, fully leased townhomes within a 38-unit residential community in Fort Lauderdale, FL. Most units include newer central A / C systems for long-term durability and tenant satisfaction. Mix of 1-car and 2-car garages enhances tenant appeal and functionality. Seller holds valuable Builder Rights, granting full control over the HOA and strategic influence over community operations. Tenants pay for their own water and electricity, providing operational efficiency and reduced owner expenses. Strong in-place rental income, minimal management requirements, and a prime location near major highways, schools, shopping, and vibrant Downtown Fort Lauderdale.
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Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33311 |
| Address | 1316 NORTH WEST 3RD ST |
| Zip Code (4 Digits) | 8981 |
Financial Information
| Price | $5,200,000 |
| Price per Foot | $0 |
| Previous Price | $5,400,000 |
| Folio Number | 504204500180 |
| Association Fee Paid | Monthly |
| Association Fee | $250 |
| Tax Amount | $5,580 |
| Tax Year | 2024 |
Full Descriptions
| Detailed Description | Exceptional investment opportunity featuring 17 stabilized, fully leased townhomes within a 38-unit residential community in Fort Lauderdale, FL. Most units include newer central A / C systems for long-term durability and tenant satisfaction. Mix of 1-car and 2-car garages enhances tenant appeal and functionality. Seller holds valuable Builder Rights, granting full control over the HOA and strategic influence over community operations. Tenants pay for their own water and electricity, providing operational efficiency and reduced owner expenses. Strong in-place rental income, minimal management requirements, and a prime location near major highways, schools, shopping, and vibrant Downtown Fort Lauderdale. |
| How to Reach | I-95 go to to East Broward Blvd. – head East. Turn left onto NW 15TH Avenue. Turn Right onto NW 2nd Street and head East. Property is on Left. |
| Roof Description | Other |
| Floor Description | Vinyl |
| Cooling Description | Ceiling Fan (s), Central Air |
| Heating Description | Central |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 1250 |
| Zoning Information | RMM-25 |
| Year Built | 2008 |
| Type of Property | Quadruplex |
| Style | Quadruplex |
| Building Name | SEMINOLE FOREST |
| Development Name | SEMINOLE FOREST |
| Construction Type | Concrete Block Construction |
| Stories Number | 2.000 |
| Street Direction | North West |
| Parking Space Number | 2 |
| Listed with | Charles Rutenberg Realty FTL |