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    890 SW 28Th St Fort Lauderdale, FL 33315

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    For Sale
    $500,000

    Short sale investment in East Fort Lauderdale with renovation potential.

    Building Details

    Year built
    1977

    Source: Paragon Properties Group LLC Agent Darrell Gonzales

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Fort Lauderdale Investment Opportunity

    Located in East Fort Lauderdale, this property presents an investment opportunity with renovation potential to increase rental income or utilize platforms like Airbnb. The property is tenant occupied, and interior showings are available only with an accepted offer. Buildings at 870 SW 28 Street and 880 SW 28 Street are also available for sale, presenting the opportunity to own six units side-by-side. This property is suitable for short term rental and residential income purposes.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.152609
    Latitude
    26.0886557

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    FAQs

    What type of property is this?
    Apartment building - Short sale investment in East Fort Lauderdale with renovation potential.
    Where is this apartment building located?
    The property is located at 890 SW 28Th St Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Excellent short sale investment opportunity.; - Located in the desirable East Fort Lauderdale area.; - Potential for renovation to increase rental income or use as Airbnb.
    (954) 732-6154
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    890 SW 28Th St Fort Lauderdale, FL 33315
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    890 SW 28Th St Fort Lauderdale, FL 33315
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