Waterfront Multifamily with Boat
8 Isle Of Venice Drive Fort Lauderdale, FL 33301
8 Isle Of Venice Drive, Fort Lauderdale, FL, 33301
$2,075,000
For Sale
$2,075,000
Six-unit Art Deco waterfront property includes four deep-water boat slips suitable for boats up to 40 feet.
Property Size4,187 SF
Price / SF$495.58
Days on Market2229
Property Features for 8 Isle Of Venice Drive
General Information
- Standard status
- Active
- Size
- 4,187 SF
- Property subtype
- Commercial/Industrial / Income/Multi Family
Building Details
- Year Built
- 1958
Listing agency
Native Realty Co.
(954) 595-2999
Listed by
Kaley Miller · License #3222373
(954) 595-2999
Source
Compass
Added: Jun 15, 2020 Updated: Jul 21 at 1:15AM Checked: Jul 21 at 8:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Native Realty Co.
Investment Insights
Based on property information with market context.
This Art Deco waterfront multifamily property includes six total units: four 1-bedroom, 1-bath residences; one 2-bedroom, 2-bath residence; and one studio apartment. The property is fully occupied with long-term tenants, and the studio apartment is leased with a 1/1 unit. The setting features lush landscaping and waterfront access without fixed bridges.
The offering includes four deep-water boat slips that can accommodate boats up to 40 feet. The property is positioned just steps from Las Olas shopping, dining, and nightlife, with access to the beach for walking or biking, plus the ability to kayak and boat from the backyard.
Please do not disturb tenants; see broker remarks for appointment and viewing instructions.
The offering includes four deep-water boat slips that can accommodate boats up to 40 feet. The property is positioned just steps from Las Olas shopping, dining, and nightlife, with access to the beach for walking or biking, plus the ability to kayak and boat from the backyard.
Please do not disturb tenants; see broker remarks for appointment and viewing instructions.
Key Highlights
- 6‑unit Art Deco waterfront property built in 1958
- Unit mix: four 1 bed/1 bath units, one 2 bed/2 bath unit, and one studio unit (leased with a 1/1 unit)
- Fully occupied with long‑term tenants
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.6k | $28.80 |
| − Vacancy | −$6.3k | −$1.50 |
| EGI | $114.3k | $27.30 |
| − OpEx | −$51.4k | −$12.29 |
| NOI | $62.9k | $15.02 |
4,187 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$898.2K
$785.9K – $1.05M
NOI $62,873 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,956 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mintax, Inc
Tax Preparation
CamOscura
Photography Service
PSR
Property Management Company
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FAQs
What type of property is this?
Apartment building - Six-unit Art Deco waterfront property includes four deep-water boat slips suitable for boats up to 40 feet.
Where is this apartment building located?
The property is located at 8 Isle Of Venice Drive Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,075,000.
What are key features of this property?
This property features: 6‑unit Art Deco waterfront property built in 1958; Unit mix: four 1 bed/1 bath units, one 2 bed/2 bath unit, and one studio unit (leased with a 1/1 unit); Fully occupied with long‑term tenants
