7 Baths
4,745 sqft
$1,750,000
1721 NE 8 Street, Fort Lauderdale FL
Price per sqft$368.81
Built in1966
Property size4,745 sqft
Property typeCommercial
Overview
Sold
Closed
Listed Dec 1, 2024
Updated 3 weeks ago
SEE OFFERING MEMORANDUM FOR MORE DETAIL
*Pro-Forma Cap rate is with no required windstorm insurance for a seller financed deal.
Rarely do you find an investment where the land value is nearly identical to the income value. While this property can provide a nice return, redevelopment may be the highest and best use in the long run. This provides steady cash flow while you plan your project. The streets surrounding these two adjacent properties are filled with luxury townhomes. Recently, the building across the street was demolished to make way for a luxury project.
There are currently two separate buildings that make up the 7 units for a total of 4,745 SF of structure. The two lots of land total 14,250 SF.
Additional information
- MLS® ID
- R11041532
Interior Features
- Bathrooms
- 7
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.33 Acres
Other Property Details
- Taxes
- $34,050
- Tax Frequency
- Annually
Bought with Robert A Wainland with Coldwell Banker Commercial and Listed by Coldwell Banker Commercial
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Data last updated 6:23 PM UTC, 8/31/2026