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New Utopia

$1,500,000

716 SW 9th Ter, Fort Lauderdale, FL 33315

Active
Last Updated: 10/22/2024

81,250

NOI

6,108 sqft

Building Size

Details:
NOI:    $81,250
Building Size:    6,108 sqft
Units:    2
Year Built:    2008
Floors:    2
Parking Spots:    4
Gross Leaseable Area:    6,108
Highlights:
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Documents Available: Accounting Statements, Deposit - Last Months Rent, Deposit - Security, Investment Analysis, Rent Rolls
  • Architectural Style: Attached
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Vinyl, Wood
Description:

This is a prime investment opportunity in Fort Lauderdale’s prestigious Tarpon River. These two renovated townhouses, luxury multi-level units townhouses over 3,000 square feet of high-end living space, featuring travertine and porcelain flooring, European cabinetry, stainless steel appliances, and granite countertops. The third-floor master suites include private balconies and spa-like bathrooms, providing an elevated living experience. Both units are leased to quality tenants at $4,250 & $4,500 per month, delivering a rare 5.7% high yield cap rate in a premium market. As a fully turn-key asset, this property ensures immediate cash flow and low operational risk, positioning it as an attractive addition to any portfolio focused on capital preservation and growth. Included 4 parking spaces

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