1137 8th Ter,Detached, Triplex, Vinik No 2

1137 8th Ter, Fort Lauderdale, Florida, 33315

Price $559,000.00

  • Lot size 1680
  • Year Build 1950
  • Waterfront
  • Zip 33315
  • Style Detached
  • Parking Description
  • Pool Yes Above Ground
  • Status Pending

Description

Great opportunity to own a Turnkey investment in the heart of desirable Tarpon River. Three separate 1 bedroom units make up this non-conforming triplex. All units have fully updated kitchens. Front unit has a separate entrance with a private courtyard. New roof, impact windows installed in 2020. Mini-split AC systems in all units. Gas HWS. 200A electric service. PVC pipes throughout. Property has an active vacation rental license in place and is operating as the "Blue House" with adjacent property at 817 SW 12th Street -separate listing. Property can be purchased separate or combined. Currently all units are rented on a month-month basis with GMR $4500 per property. Can easily be converted back to short term/AirBnB operation. Financials for business operation available on request.

Please call Cynthia for all showings 954-470-1269. Do not disturb tenants. This property is a non conforming triplex - CASH ONLY!!!

VINIK NO 2 25-33 B LOT 14 BLK 2

Less Than 1/4 Acre Lot

Great opportunity to own a Turnkey investment in the heart of desirable Tarpon River. Three separate 1 bedroom units make up this non-conforming triplex. All units have fully updated kitchens. Front unit has a separate entrance with a private courtyard. New roof, impact windows installed in 2020. Mini-split AC systems in all units. Gas HWS. 200A electric service. PVC pipes throughout. Property has an active vacation rental license in place and is operating as the "Blue House" with adjacent property at 817 SW 12th Street -separate listing. Property can be purchased separate or combined. Currently all units are rented on a month-month basis with GMR $4500 per property. Can easily be converted back to short term/AirBnB operation. Financials for business operation available on request.

City:Fort Lauderdale,Spa Y N:1,Zoning:Residential,List A O R:A-Miami Association of REALTORS,Tax Year:2020,Latitude:26.1077908,Malone Id:1065874392,Cooling Y N:1,Heating Y N:1,List Price:559000,Listing Id:A10982311,Longitude:-80.1513407,Mls Status:Pending,Year Built:1950,Living Area:1596,Postal Code:33315,Street Name:8th Ter,Contingency:No Contingencies,Coordinates:1:26.1077908,Photos Count:16,Building Name:VINIK NO 2,Days On Market:103,Listing Terms:1:Cash,2:Other Terms,Lot Size Units:Square Feet,M L S Area Major:Vinik No 2,On Market Date:2021-01-13,Parcel Number:504210740370,Parking Total:5,Property Type:Residential Income,Rent Includes:1:Gas,2:Gardener,3:Pest Control,4:Sewer,5:Trash Collection,6:Water,Stories Total:1,Street Number:1137,M I A M I R E_ Style:Triplex,Off Market Date:2021-04-26,Public Remarks:Great opportunity to own a Turnkey investment in the heart of desirable Tarpon River. Three separate 1 bedroom units make up this non-conforming triplex. All units have fully updated kitchens. Front unit has a separate entrance with a private courtyard. New roof, impact windows installed in 2020. Mini-split AC systems in all units. Gas HWS. 200A electric service. PVC pipes throughout. Property has an active vacation rental license in place and is operating as the "Blue House" with adjacent property at 817 SW 12th Street -separate listing. Property can be purchased separate or combined. Currently all units are rented on a month-month basis with GMR $4500 per property. Can easily be converted back to short term/AirBnB operation. Financials for business operation available on request.,County Or Parish:Broward County,Expiration Date:2022-01-13,Private Remarks:Please call Cynthia for all showings 954-470-1269. Do not disturb tenants. This property is a non conforming triplex - CASH ONLY!!!,Standard Status:Pending,Window Features:1:Blinds,2:High Impact Windows,Living Area Units:Square Feet,Major Change Type:Pending,Postal Code Plus4:1262,Property Sub Type:Triplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:VINIK NO 2,Tax Annual Amount:6950,Total Actual Rent:50400,Unparsed Address:1137 SW 8th Ter, Fort Lauderdale FL 33315,Listing Agreement:Exclusive Right To Sell,Operating Expense:15360,Year Built Details:Resale,Building Area Total:1680,Building Area Units:Square Feet,Lot Size Square Feet:1680,M I A M I R E_ L P Amt Sq Ft:350.2506,Original List Price:559000,Property Condition:1:Substantially Remodeled,Public Survey Range:50,Documents Available:1:Copy Of Lease(S),I D X Participation Y N:1,Net Operating Income:35040,Number Of Units Total:3,Syndication Remarks:Great opportunity to own a Turnkey investment in the heart of desirable Tarpon River. Three separate 1 bedroom units make up this non-conforming triplex. All units have fully updated kitchens. Front unit has a separate entrance with a private courtyard. New roof, impact windows installed in 2020. Mini-split AC systems in all units. Gas HWS. 200A electric service. PVC pipes throughout. Property has an active vacation rental license in place and is operating as the "Blue House" with adjacent property at 817 SW 12th Street -separate listing. Property can be purchased separate or combined. Currently all units are rented on a month-month basis with GMR $4500 per property. Can easily be converted back to short term/AirBnB operation. Financials for business operation available on request.,Listing Contract Date:2021-01-13,Originating System I D:miamire,Public Survey Section:10,Showing Instructions:Appointment Only,Call Owner,Street Number Numeric:1137,Tax Legal Description:VINIK NO 2 25-33 B LOT 14 BLK 2,Green Energy Efficient:1:HVAC,2:Insulation,3:Water Heater,4:Windows,Public Survey Township:50,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Adjusted Area S F:1624,Contract Status Change Date:2021-04-26,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:350.25,Internet Automated Valuation Display Y N:1,

  • Price $559,000.00
  • Price Change: 2021-01-28
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1950
  • Waterfront
  • View
  • Pool Yes Above Ground
  • Style Detached
  • Construction Concrete Block Construction
  • Parking Description
  • Flooring Type Tile
  • Property Type Residential Income
  • Status Pending
  • Listed 2021-01-28
  • Days on Market 100
  • Furnished
  • City Fort Lauderdale
  • Zip 33315
  • State Florida
  • Subdivision VINIK NO 2
  • Development Name VINIK NO 2, Vinik No 2
  • HOA Fees
  • Taxes 6950
  • Taxes Year 2020