916 SW 8th Avenue
$990,000
916 SW 8th Avenue, Fort Lauderdale, FL 33315
2,662 sqft
Building Size
4
Units
Details:
Highlights:
- Lot Features: Less Than 1/4 Acre Lot, East Of US 1, Less Than 1 Acre, Fenced
- Building Features: Barbeque, Outside Storage
- Bathrooms Total: 0
- Documents Available: Copies Of Lease(S)
- Architectural Style: One Story
- Cooling: Ceiling Fan(s), Wall/Window Unit(s)
- Heating: Window/Wall
- Flooring: Tile, Vinyl, Wood
- Construction Materials: Brick, Slab Construction, Stone, Stucco
Description:
Rare opportunity: Investors seeking current income, long-term appreciation, and 1031 exchange potential. In Fort Lauderdale's desirable Tarpon River neighborhood, this property offers 2,664 sq ft of building area on a large 9,687 sq ft lot, minutes to Downtown Ft L, Las Olas, beaches, & Airport. This fully occupied fourplex has four 1-bedroom / 1-bath units, with current cash flow and future upside. Each unit's rent potential is $1,800-$2,000 per month yielding gross rents of $7,200-$8,000 monthly. Acquired by the seller as a 1031 exchange, preliminary architectural due diligence includes construction survey (3/2026) and feasibility review, indicating potential for 2 townhomes, subject to design, City permits / approval. Buyer to independently verify with planning and zoning departments.
Location
Gallery
