716 9th Ter ,Attached, Duplex, New Utopia for Sale

716 9th Ter for Sale

Price $1,500,000.00

• Lot size 6108
• Year Build 2008
• Waterfront
• Zip 33315
• Style Attached
• Parking Description
• Pool Yes
• Status Active

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

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11657601

NEW UTOPIA 8-21 B LOT 19 S1/2,20 S1/2

1/4 To Less Than 1/2 Acre Lot

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

City:Fort Lauderdale,Roof:1:Concrete,Zoning:RD-15,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Flooring:1:Wood,Latitude:26.1120889,Cooling Y N:1,Heating Y N:1,List Price:1500000,Listing Id:A11657601,Longitude:-80.1538178,Mls Status:Active,Year Built:2008,Living Area:6108,Postal Code:33315,Street Name:9th Ter,Coordinates:1:26.1120889,Photos Count:14,Building Name:NEW UTOPIA,Days On Market:3,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3740,M L S Area Major:New Utopia,On Market Date:2024-09-16,Parcel Number:504209160120,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,Stories Total:2,Street Number:716,M I A M I R E_ Style:Duplex,Public Remarks: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,County Or Parish:Broward County,List Office Name:Alure Capital,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:1124,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:NEW UTOPIA,Tax Annual Amount:16226,Total Actual Rent:105000,Unparsed Address:716 SW 9th Ter, Fort Lauderdale FL 33315,Listing Agreement:Exclusive Right To Sell,Operating Expense:7559,Year Built Details:Resale,Building Area Total:6108,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:245.5796,Original List Price:1500000,Public Survey Range:42,Building Area Source:Owner,Documents Available:1:Deposit - Last Months Rent,2:Deposit - Security,3:Investment Analysis,4:Rent Rolls,I D X Participation Y N:1,Net Operating Income:81250,Syndication Remarks: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,Listing Contract Date:2024-09-16,Originating System I D:miamire,Public Survey Section:9,Showing Instructions:24 Hour Notice,Street Number Numeric:716,Tax Legal Description:NEW UTOPIA 8-21 B LOT 19 S1/2,20 S1/2,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:6108,M I A M I R E_ Internet Remarks:Duplex Renovated Townhouses in prestigious Tarpon River , leased at $4,250 & $4,500/month. 5.7% cap rate, turn-key, in a premium location.,Contract Status Change Date:2024-09-16,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Temp Off Market Date:2024-09-19,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:245.58,Internet Automated Valuation Display Y N:1,