11 SW 11th Avenue, Fort Lauderdale, FL 33312

$1,395,000

• 2,480 sqft
• Built 1922

Located in the heart of the desirable Sailboat Bend Historic District, this prime property offers an unparalleled investment opportunity just minutes from downtown Fort Lauderdale and the Discovery Center. Situated on approximately 1/3 acre and zoned RMM-25 (Residential Multifamily Medium High Density), this site provides the flexibility to expand and capitalize on its full potential.Currently, the property features two charming income-producing cottages generating $3,600/month in rental income. With the potential to add 5+ additional multi-level units, this property presents a rare chance for a developer or private owner to create a boutique multifamily development in one of Fort Lauderdale’s most unique and historic neighborhoods.

Listing courtesy of LoKation.