507-513 Northwest 8th Avenue

Fort Lauderdale, FL 33311

$2,500,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

$cap rate over 10% & rising$ fully-licensed short-term rental portfolio of 5 individually titled townhomes which just went active august 2023. Less than 5 minutes from downtown & all the las olas blvd action . All future bookings included with the sale! Sistrunk shades is the name under which you will find it in airbnb & all the str platforms. New construction built in 2023. Turnkey fully-furnished business. Seller can stay on & manage the operation so that the buyer can take advantage of all the...$cap rate over 10% & rising$ fully-licensed short-term rental portfolio of 5 individually titled townhomes which just went active august 2023. Less than 5 minutes from downtown & all the las olas blvd action . All future bookings included with the sale! Sistrunk shades is the name under which you will find it in airbnb & all the str platforms. New construction built in 2023. Turnkey fully-furnished business. Seller can stay on & manage the operation so that the buyer can take advantage of all the marketing & momentum created by the seller. Start making money immediately after closing! Each townhome is fully furnished & consists of 3 bedrooms, 2.5 baths & a 1-car garage. There is also one assigned parking space/unit & 2 guest parking spaces. Low insurance & no hoa fee!

Property Details for 507-513 Northwest 8th Avenue

Waterfront
No
Area
3390
Geographic Area
Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Auction
No
Num Stories
2
Year Built Description
Resale

Location

Listing Courtesy of Miami Real Estate Agency
Add your commute
LISTING UPDATED: 05/02/2024 10:12 PM

Property Details for 507-513 Northwest 8th Avenue

StatusActive
MLS #A11517021
Days on Market127
Taxes$6,290 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built2023
Lot Size0.29 AC / 12,749 SF
CountyBroward County

Location

Listing Courtesy of Miami Real Estate Agency
Add your commute

Building Information for 507-513 Northwest 8th Avenue

Stories-Residences-Year Built2023Building Size-Lot Size0.29 AC / 12,749 SF

Payment Calculator

$14,168 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$524

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 507-513 Northwest 8th Avenue

Location Information
Location Information
  • MLS Area: 3390
  • Municipal Code: 50
  • Township Range: 42
  • Section: 3
  • Subdivision Number: 1
  • Unit Count: 1
  • Zoning Information: RMM-25
General Information
Parking
  • Num Parking Spaces: 7
  • Parking Description: Assigned Parking, Guest Parking
General Information
  • Property Description: 5 Townhouse Portfolio
  • Type of Building: Free Standing
  • Prop Type-Type of Building: Commercial/Residential Income, Residential-Single Family
  • Building Sq Ft: 7,470
  • Location of Property: City Location
  • Approximate Lot Size: 12749
  • Property Sq Ft: 12749
  • Num Buildings: 2
  • Num Floors: 2
  • Road Frontage: City Road
  • Fire Protection: Smoke Detector
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Roof Description: Shingle Roof
  • Flooring: Tile Floors, Wood Floors
  • Floor Description: Tile Floors, Wood Floors
  • Directions: BROWARD BLVD TO NW 9TH AVE, NORTH TO NW 5TH ST, EAST TO NW 8TH AVE, LEFT TO ENTER THE PROPERTY.
  • Security Information: Motion Detector
Additional Property Information
Utilities
  • Heating Description: Central Electric, Central Individual A/C
  • Cooling Description: Central Individual A/C
  • Water Description: Public Water
  • Sewer Description: Public Sanitation
Additional Property Information
  • Guest Accommodations: No
  • Storm Protection: Complete Impact Glass
  • Green Energy Efficient: Insulation, Water Heater, Windows
Financial Information
Financial Information
  • Assumable: No
  • Assoc Fee Paid Per: Yearly
  • Tax Year: 2023
  • Information Available: Investment Analysis, Owner Managed, Existing Survey
  • Special Assessment: No
  • PACEYN: No
Agent / Office Information
Listing Information
  • Sale Includes: Building & Land, Furniture
  • Sale Includes INCL: Furniture/Fixtures

Property History for 507-513 Northwest 8th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 507-513 Northwest 8th Avenue

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Walker Elementary School (Magnet)
PublicPK to 5

Sunrise Middle School
Public6 to 8

Fort Lauderdale High School
Public9 to 12

Sunrise High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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507-513 Northwest 8th Avenue is a multi-family home for sale in Fort Lauderdale, FL 33311. This property was listed for sale on January 18, 2024 by Miami Real Estate Agency, it's currently listed at $2,500,000. This listing's school district is Broward. Nearby schools include Walker Elementary School (Magnet), Sunrise Middle School and Fort Lauderdale High School. 507-513 Northwest 8th Avenue is a 0-bed, 0-bath, multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Miami Real Estate Agency

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.