1721 NE 8th St - Apartments FOR SALE


Fort Lauderdale, FL 33304- Victoria Park
$2,100,000 USD
954-747-1000
1721 NE 8th St, Fort Lauderdale, FL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/5
null | 4.7% Cap Rate

1721 NE 8th St
Fort Lauderdale, FL 33304
Victoria Park


HIGHLIGHTS

  • Seller ?nancing, no wind insurance req.
  • Land value nearly identical to income value
  • Strong average household income
  • Surrounded by luxury newly built homes
  • Moments away from Las Olas Blvd.
  • RMM-25 Zoning

OVERVIEW

SEE OFFERING MEMORANDUM FOR MORE DETAIL *Pro-Forma Cap rate is with no required windstorm insurance for a seller financed deal. Rarely do you ?nd 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?ow while you plan your project. The streets surrounding these two adjacent properties are ?lled 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. They are ideally situated in the highly desirable Fort Lauderdale MSA. The RMM-25 zoning is one of the most sought after in Broward County. With meticulous maintenance and a proven track record, this property presents a turnkey opportunity for investors seeking a stable and high-performing asset in the thriving South Florida multifamily market.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$443 USD /SF

# OF UNITS

7

PRICE/UNIT

$300,000

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 UNITS IN THE HEART OF VICTORIA PARK

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,250 SF

ZONING

RMM-25

APN/PARCEL ID

49-42-34-06-0100

ASK ABOUT THIS PROPERTY

Robert WainlandColdwell Banker Commercial RealtyMore Info
954-747-1000

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Robert WainlandColdwell Banker Commercial RealtyMore Info
954-747-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.