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For Sale Available Listing #83954

220,000 SF Apartment For Sale — $1,540,000 — 1827-1831 Park Ln, Fort Lauderdale – #83954

1827-1831 Park Ln · Price Per Unit · Fort Lauderdale, FL 33315
220,000 SFAvailable space
ApartmentProperty type
392Parking spaces
1963Year built
Quick Unit Specs
For Sale
$1,540,000 Asking Price
$7.00 Price / SF
5.26% Cap Rate
— NOI
288 / 278 days Days on market / avg to sell
The Space
220,000 SF Sq Ft
Apartment Type
Price Per Unit Suite
— Condition
Available Status
For Sale Listing Type
Now Available
— Op. Expenses
— Clear Height
— Drive-In Bays
— Dock-High Bays
— Yard
— Office SF
— Restrooms
— Power
— HVAC
392 spaces Estimated Parking
1.78 Parking Ratio
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Floor Plan
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Building Description
Executive Summary
7 Units – Triplex and Fourplex Located next to Croissant Park Elementary School. Properties can be Purchased Individually, Investors can Secure 30 Year Mortgages. Mix of (6) One-Bedroom One-Bathrooms and (1) Two-Bedroom One-Bathroom. Units Feature Mini-Split A/C’s, On-Site Laundry*, Tile Floors and Electric Appliances. Walking Distance to Croissant Park Elementary and Broward Health Medical Center. Proximate to Downtown Fort Lauderdale, Airport, Port Everglades, US-1, Interstate 95
*Laundry room is located in the 1827 building.
Approved Uses by Zoning — Residential Low Rise Multifamily/Medium Density (RM-15)

Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.

Allowed by right
Single Family Dwelling, Single Family Dwelling, Attached: Cluster (Sec. 47-18.9), Single Family Dwelling: Zero-lot-line (Sec. 47-18.38), Single Family Dwelling, Attached: Duplex/Two Family Dwelling (Sec. 47-18.45), Single Family Dwelling, Attached: Townhouses (Sec. 47-18.33), Multifamily Dwelling: Coach Home (Sec. 47-18.10), Multifamily Use, Community Residence, 3 residents maximum (Sec. 47-18.47), Community Residence 4 to 10 residents; 1,000' distance separation (Sec. 47-18.47), Multifamily Dwelling (item 1.j), Active and Passive Park (Sec. 47-18.44), Social Service Residential Facility, Level I (Sec. 47-18.32), Family Day Care Home (Sec. 47-18.8), Urban Agriculture / urban farms and community gardens (Sec. 47-18.41; allowed only where the 47-18.41 zoning/land-use-designation conditions are met)
With special approval
Community Residence 4 to 10 residents, less than 1,000' distance separation (Sec. 47-18.47), Community Residence, more than 10 residents / Community Residence, no license or certification available (Sec. 47-18.47), Bed and Breakfast Dwelling (Sec. 47-18.6), Mixed Use Development (Sec. 47-18.21), House of Worship (Sec. 47-18.17), School, Social Service Residential Facility, Level II (Sec. 47-18.32)
Read the full RM-15 zoning guide ›
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Asking Price
$1,540,000
Listing Courtesy of Marcus & Millichap
Joseph Thomas
Joseph Thomas
Marcus & Millichap
Inquire about this property
Key highlights
  • Air Conditioning
  • Heating
  • Refrigerator
  • Oven
  • Tub/Shower
Appraiser Data
Parcel Control No.504215170170
Source: Broward County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 40.5 mi
Ft. Lauderdale (FLL) 4.3 mi 11 min drive
Miami Intl (MIA) 32.2 mi 51 min drive
⚓ Seaports
Port of Palm Beach 46.9 mi
Port Everglades 1.7 mi
PortMiami 22.2 mi
Building Specifications
CityFort Lauderdale, FL
ZIP Code33315
Year Built1963
Total Building SF4,500 SF
Total Available220,000 SF
Lot Size0.15 AC
ConstructionConcrete Block framing; Painted Stucco exterior; Shingle roof
Parking Ratio1.78/1,000 SF
AmenitiesAir Conditioning; Heating; Refrigerator; Oven; Tub/Shower
Walk Score60/100