Parc 12 Townhomes
410 SE 12th Ct, Fort Lauderdale, FL 33316

///  954-300-2525

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Multifamily
Asking Price: $11,386,000

Apartment Building

28,820 Rentable SF

Built 2022

410 SE 12th Ct, Fort Lauderdale, FL 33316

Additional Details

Property Type - Multifamily
Subtype - Apartment Building
Investment Type - Redevelopment
Net Rentable (sq ft) - 28,820
Pro-Forma Cap Rate - 4.50%
Pro-Forma NOI - $512,400
Units - 15
Year Built - 2022
Buildings - 3
Stories - 3
Lot Size (sq ft) - 29,558
Broker Co-Op - Yes
APN - 504215102580, 504215102600, 504215102590

Investment Highlights
Parc 12 is a shovel ready site that will begin construction within the next 30 days. It will consist of 15 fee simple town homes in Downtown Fort Lauderdale, ranging in size from 1,800 SF to 2,255 SF. All units are 3 bedroom & 3.5 bath rooms with 2 car garages. Basic (interior) units should easily rent for $4,000 per month and corner units likely garner a premium above that amount. Project is being offered completed (land and all improvements) with Certificate of Occupancy, and can be delivered within 12-15 months to a Buyer. Buyer will have liberty to draft the association docs in whatever fashion they’d like, such as permitting short term vacation rentals.

Interior renderings available upon request.