8-Plex Investment Opportunity in Fort Lauderdale, FL – Vacation Rental Income & Development Potential
Commercial Sale
Category: Multifamily
Price:$1,895,000
Location: Fort Lauderdale, FL
Year Built: 1974
Days on Market: 26
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 one bed/one bath apartments. Five fully furnished vacation rental units, 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 to Las Olas Blvd,restaurants, nightlife, Beach, FLL airport, cruise port and public transportation, making it an ideal location for rentals and excellent site for new construction.
8-Plex investment opportunity with vacation rental income & development potential in Sailboat Bend neighborhood of downtown Ft Lauderdale!
Listing Code: 1114844370