Homes for sale - 1721 NE 8 ST, Fort Lauderdale, FL 33304

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Ilya Kulichkin

ilya@kiphomesgroup.com +1(561) 922-5296

Listed by Coldwell Banker Commercial

$ 2,100,000

Est. payment | -/mo

7 Baths

4,745 SqFt

Save Virtual Tour

$ 2,100,000

Est. payment | -/mo

Save Virtual Tour

7 Baths

4,745 SqFt

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 4,745 sqft

Price per Sqft $442

MLS Listing ID RX-11041532

Construction Status Resale

Year Built 1966

Annual Tax Amount $34,050

Tax Year 2023

Lot Size 0.330 Acres

Property Description

SEE OFFERING MEMORANDUM FOR MORE DETAIL*Pro-Forma Cap rate is with no required windstorm insurance for a seller financed deal.Rarely do you find an investment where the land value is nearly identical to the income value. While this property can provide a nice return, redevelopment may be the highest and best use in the long run. This provides steady cash flow while you plan your project. The streets surrounding these two adjacent properties are filled with luxury townhomes. Recently, the building across the street was demolished to make way for a luxury project.There are currently two separate buildings that make up the 7 units for a total of 4,745 SF of structure. The two lots of land total 14,250 SF.

Location

State FL

County Broward

Area 3280

Zoning RMM-25

Interior

Heating Central

Cooling Central, Electric, Zoned

Flooring Ceramic Tile

Fireplaces Type Smoke Detector

Exterior

Utilities Available Cable, Electric, Gas Natural, Municipal Water

Roof Type Comp Rolled,Comp Shingle,Wood Truss/Raft

Building

Story 100.00

Construction Status Resale

Others

Acceptable Financing Cash, Conventional, Owner

Listing Terms Cash, Conventional, Owner

Financing Cash,Conventional,Owner

"My mission is to bring light into the world of real estate by turning the complex into simple and hard into easy, one person and one transaction at a time!"

+1(561) 922-5296

ilya@kiphomesgroup.com

6700 North Andrews Ave. #203, Fort Lauderdale, FL, 33309

1721 NE 8 ST Fort Lauderdale, FL 33304