Basics
Date added Added 8 hours ago | Category Income/MultiFamily | Type Commercial Sale | Status Active |
Lot size, sq ft 13802 sq ft | Year built 1974 | ListOfficeName Canvas Real Estate | UnitNumber 1-8 |
ListAOR Miami Association of REALTORS® | MLS ID A11753988 |
Description
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Description:
Legal 8-Plex Investment Opportunity with Vacation Rental Income and Development Potential in the highly desirable Sailboat Bend neighborhood of downtown Fort Lauderdale! This 8-plex features a 3-bed/1-bath detached home and 7 1 bed/1 bath apartments. 5 fully furnished vacation rental units (including 3/1 home) and 3 units long-term. The property offers immediate income with the potential to increase cash flow and raise the cap rate in year one. Zoned RML-25 for development potential. Plenty of parking. On-site laundry facility. Electrical individually metered units. Ideal location close to Las Olas Boulevard, restaurants, nightlight, beach, FLL airport, Cruise Port and public transportation, making it an ideal location for rentals and prime site for new construction.
Location
- CountyOrParish: Broward County
Building Details
- Cooling features: Wall/Window Unit(s)
- ParkingTotal: 12
- NewConstructionYN: No
- Exterior material: CBS Construction, Frame
- Roof: Shingle
- Parking: Common
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11753988
Amenities & Features
- Security Features: Other Fire Protection, Smoke Detector(s)
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: Yes
- PoolPrivateYN: No
- FireplaceYN: No