- Active
Courtesy of Coldwell Banker Commercial.
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