$1,595,000
$55K PRICE DROP

3932 SW 12th Place Fort Lauderdale, FL 33312

Melrose Park Neighborhood

Estimated payment $10,695/month

Total Views 1,297
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Complete Impact Glass
  • Central Heating and Cooling System

About This Home

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 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. Located just minutes from Downtown Fort Lauderdale, Las Olas, the airport, beaches, and top entertainment spots, this property offers strong rental income and long-term upside in one of South Florida’s hottest rental markets.

Listing Agent

Arun Mohan

Fausto Commercial Realty Consultants Inc License #3623582 Listed on: 07/15/2025

Co-Listing Agent

Elior Levi

Fausto Commercial Realty Consultants Inc License #3574869

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,250

Year Built

  • Built in 1956

Parking

  • 10 Parking Spaces

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Tile Flooring
  • Complete Impact Glass

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Rent includes rent incl, sewer, trash collection, water
  • Assessor Parcel Number 504218010690

Community Details

Overview

  • No Home Owners Association
  • Lauderdale West Condos
  • Lauderdale West Subdivision

Building Details

  • Operating Expense $43,600
  • Net Operating Income $114,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,250

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1956
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Co List Office Mls Id: FAUS01
  • Co List Office Phone: 786-748-7373
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: Lauderdale West
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Other, Tile
  • Stories: 1
  • Window Features: Complete Impact Glass, Impact Glass

Exterior Features

  • Roof: Tar & Gravel Roof
  • Construction Type: Concrete Block Construction, CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Lauderdale West
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Other
  • Cooling Y N: Yes
  • Heating: Central, Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 504218010690
  • Zoning: RMM-25

Rental Info

  • Rent Includes: Other Rent Incl, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 114800
  • Number Of Units In Community: 1
  • Annual Operating Expense: 43600
  • Total Actual Rent: 158400

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 24250

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Price Changed $1,595,000 -3.3% --
07/15/2025 07/15/25 For Sale $1,650,000 -- --
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11840577

MIAMI REALTORS® MLS

APN: 50-42-18-01-0690

Florida Broward County Fort Lauderdale 33312 Melrose Park

3932 SW 12th Place, Fort Lauderdale, FL

This home is located at 3932 SW 12th Place, Fort Lauderdale, FL 33312 and is currently priced at $1,595,000. This property was built in 1956. 3932 SW 12th Place is a home located in Broward County with nearby schools including Westwood Heights Elementary School, Parkway Middle School, and South Plantation High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Arun Mohan
Listing Agent
Arun Mohan
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Fausto Commercial Realty Consultants Inc
(754) 239-2580