FL > Fort Lauderdale > New Utopia
Fort Lauderdale, FL 33315,716 SW 9th Ter
Fort Lauderdale, FL 33315,716 SW 9th Ter
Fort Lauderdale, FL 33315,716 SW 9th Ter
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Phaedrea Watkins

Phaedrea Watkins

+1(919) 322-9382
$1,500,000
Est. payment /mo
6,108 SqFt
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UPDATED:

09/30/2024 08:28 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,108 sqft

Price per Sqft $245

Subdivision New Utopia

MLS Listing ID A11657601

Construction Status Resale

HOA Y/N Yes

Year Built 2008

Annual Tax Amount $16,226

Tax Year 2023

Property 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

Location

State FL

County Broward

Community New Utopia

Area 3740

Interior

Heating Central

Cooling Central Air

Flooring Vinyl, Wood

Exterior

Pool None

Utilities Available Cable Available

Waterfront No

Roof Type Barrel,Concrete

Total Parking Spaces 4

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 2

Sewer Public Sewer

Level or Stories Two

Structure Type Block

Construction Status Resale

Others

Tax ID 504209160120

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

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Listed by Alure Capital

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716 SW 9th Ter