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Caviar Global Properties - Pompano Beach & Boca Raton Real Estate | Buy or Sell

Active
400-412 21 Street Fort Lauderdale, FL 33316
$2,950,000

Courtesy of Coldwell Banker Commercial.

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Carola Lueder

Carola Lueder

Founder – Executive Director

LIC#BK3187419

Property Description

Rare assemblage of four contiguous lots zoned RM-25 in East Fort Lauderdale. The same owner for more than 17 years has been running these properties as crew housing for the yachting industry. Their unique model and excellent management produce consistent above average yields. A buyer can continue to enjoy cash flow while watching the land appreciate and likely selling to a developer in the future. Alternatively, a buyer may wish to run the property as short term or annual rentals.Located just two blocks north and one block west of Marina Mile in east Fort Lauderdale, these properties are perfect for crew housing. Additionally, their RM-25 zoning designation provides for major upside via development when desirable.Deborah Cook of Neptune Realty Group LLC will assist with showings.

Property Details & Features

Property Type

  • Multifamily (5+ Units)

Year Built

  • 1968

Listing

  • Source: Palm Beach
  • List price: $2,950,000
  • MLS ID: 20121115220811115022000000
  • Listing ID: RX-10816473
  • Listing date: 2022-07-11
  • Status: Active
  • For lease?: No
  • Month to Month

Bathrooms

  • 13 total bathrooms

House

  • Built in 1968
  • 1 story
  • 11 units in build
  • Square footage source: SimpleTemplate
  • Smoke Detector
  • Resident. Multi-Fam.

Cooling

  • Ceiling Fan
  • Central
  • Wall-Win A/C

Floors

  • Tile

Heating

  • Other

Location

  • County: Broward

Lot

  • 0 acres

Miscellaneous

  • None
  • Cash
  • Conventional

Property

  • Property type: E
  • Zoning: RM-25
  • Waterfront: No
  • Income (Other Land)

Roof

  • Concrete Tile
  • Mixed

Taxes

  • Real estate taxes: $28,058
  • Year: 2021

Utilities

  • 1-100 Amp
  • Cable
  • Electric
  • Gas Natural
  • Public Water
  • Separate Meter

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