FL > Fort Lauderdale
Fort Lauderdale, FL 33304,1721 NE 8 ST
Fort Lauderdale, FL 33304,1721 NE 8 ST
Fort Lauderdale, FL 33304,1721 NE 8 ST
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Listed by Coldwell Banker Commercial
$2,100,000
Est. payment /mo
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7 BA
4,745 SqFt
Active

1721 NE 8 ST Fort Lauderdale, FL 33304

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Panagiotis Peter Sarantidis

Panagiotis Peter Sarantidis

+1(561) 713-5599

UPDATED:

12/03/2024 01:19 AM

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

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agent

Panagiotis Peter Sarantidis

Licensed Real Estate Sales Professional | License ID: 3332095

+1(561) 713-5599

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1721 NE 8 ST