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About This Property
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.
Property Features
County
Broward County
Section
Area
4910
Subdivision
Interior
Cooling
Wall/Window Unit(s)
Bedrooms
Floors
Tile, Vinyl
Full Baths
Appliances
Heating
Central Gas, Wall/Window Units
Style
Garage Spaces
Construction/Exterior
CBS Construction, Frame
Patio / Deck Description
Exterior
Has a Pool
Possession
Funding
Lot Size in Acres
0.32
Water
Public
Sewer
Public Sanitation
Lot Size in Sq. Ft.
13802
Has Waterfront
No
Parking Description
Common
View
Has Garage
No
Roof/Attic
Shingle
Senior Community
No
Other Utilities
Property Type
Commercial Sale
Pets
Property SubType 2
Income/MultiFamily
Tax Year
2024
Year Built
1974
Tax Amount
$23170
APN
NA
Square Feet Source
NA
Map
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