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623 Bayshore Dr

11 Unit Apartment Building $16,867,893 CAD ($1,533,445 CAD/Unit) Fort Lauderdale, FL 33304

Investment Highlights

  • Property Manager is on site and will stay on if needed.

Executive Summary

As one of the last known buildable waterfront lots on the intercoastal, this property is perfectly situated for a ground up redevelopment project. The property is currently rented allowing for any developer the ability to offset cost of purchase with current rent roll until shovel ready. Property Manager is on site and will stay on if needed. This is not one any developer would want to let slip away. Leases, Due Diligence material are available upon NDA signature. See flyer for value details.

Property Facts

Price $16,867,893 CAD
Price Per Unit $1,533,445 CAD
Sale Type Investment
Sale Conditions Redevelopment Project
No. Units 11
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.40 AC
Building Size 8,152 SF
No. Stories 2
Year Built 1968
Parking Ratio 0.77/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Wi-Fi

Site Amenities

  • Picnic Area
  • Pool
  • Property Manager on Site
  • Tenant Controlled HVAC
  • Waterfront

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 12 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
50-42-01-06-0770
Land Assessment
$1,658,363 CAD
Improvements Assessment
$3,455,958 CAD
Total Assessment
$5,114,321 CAD

zoning

Zoning Code IO-A (Intracoastal Overlook Area District)
IO-A (Intracoastal Overlook Area District)
  • Listing ID: 31585500

  • Date on Market: 2024-04-23

  • Last Updated:

  • Address: 623 Bayshore Dr, Fort Lauderdale, FL 33304

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