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3932 SW 12th Pl 8 Unit Apartment Building $2,208,278 CAD ($276,035 CAD/Unit) 7.20% Cap Rate Fort Lauderdale, FL 33312
INVESTMENT HIGHLIGHTS
- Prime cash-flowing investment opportunity with 7%+ cap rate
- The property has been updated with impact doors/windows and electric
- Currently generating net operating income of $114,800
- 8 renovated one-bedroom units
- Located minutes from Downtown Fort Lauderdale and the beach!
EXECUTIVE SUMMARY
Discover a prime cash-flowing investment at 3932 SW 12th Pl, Fort Lauderdale, presented by Fausto Commercial. This renovated 8-unit property features eight 1-bedroom units, each nicely updated with modern finishes and equipped with impact-resistant doors and windows, plus all-new electric meters. The building spans approximately 4,152 sq ft on a 10,631 sq ft lot, offering solid income and strong tenant appeal. The property is currently generating a net operating income of $114,800, reflecting a 7.2% cap rate, with easy potential to exceed 7.5% through modest rent increases or operational improvements. Located just minutes from Downtown Fort Lauderdale, Las Olas, the airport, beaches, major highways, and top entertainment spots, this turn-key property offers strong rental income and long-term upside in one of South Florida’s hottest rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$219,305
|
$52.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$219,305
|
$52.82
|
| Taxes |
$33,574
|
$8.09
|
| Operating Expenses |
$26,790
|
$6.45
|
| Total Expenses |
$60,364
|
$14.54
|
| Net Operating Income |
$158,941
|
$38.28
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $219,305 |
| Annual Per SF | $52.82 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $219,305 |
| Annual Per SF | $52.82 |
| Taxes (CAD) | |
|---|---|
| Annual | $33,574 |
| Annual Per SF | $8.09 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,790 |
| Annual Per SF | $6.45 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,364 |
| Annual Per SF | $14.54 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $158,941 |
| Annual Per SF | $38.28 |
PROPERTY FACTS
| Price | $2,208,278 CAD | Building Class | C |
| Price Per Unit | $276,035 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 4,152 SF |
| Cap Rate | 7.20% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.41/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMM-25 - RMM-25 - RESIDENTIAL MULTIFAMILY MID RISE/MEDIUM HIGH DENSITY | ||
| Price | $2,208,278 CAD |
| Price Per Unit | $276,035 CAD |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,152 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2025 |
| Parking Ratio | 2.41/1,000 SF |
| Zoning | RMM-25 - RMM-25 - RESIDENTIAL MULTIFAMILY MID RISE/MEDIUM HIGH DENSITY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 50-42-18-01-0690 | Total Assessment | $1,665,516 CAD (2025) |
| Land Assessment | $96,743 CAD (2025) | Annual Taxes | $33,574 CAD ($8.09 CAD/SF) |
| Improvements Assessment | $1,568,773 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
50-42-18-01-0690
Land Assessment
$96,743 CAD (2025)
Improvements Assessment
$1,568,773 CAD (2025)
Total Assessment
$1,665,516 CAD (2025)
Annual Taxes
$33,574 CAD ($8.09 CAD/SF)
Tax Year
2024
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3932 SW 12th Pl
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