Furnished Short-Term Rental
For Sale
$569,900
507 NW 8th Avenue 2, Fort Lauderdale, FL 33311
Licensed and furnished for short-term stays, with future reservations included in the sale.
Property Size1,196 SF
Price / SF$476.51
Days on Market257
Property Features for 507 NW 8th Avenue 2
General Information
Standard status
Active
Size
1,196 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
Dyrv
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Furnished
Yes
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$9,815
Amenities
quartz counter tops
stainless steel appliances
porcelain tiles
vinyl laminate flooring
upstairs loft
washer/dryer
arcade game
Building Details
Building Size
1,196 SF
Year Built
2023
Buildings
1
Construction
twin-home
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Jose Ignacio Gonzalez · License #0630027
(305) 992-8624
Source:
Dangelorealty
Added: Feb 13
Changed: Oct 26
Last Checked: Oct 26 at 1:05PM
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 Florida Realty of Miami Corp
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Investment Insights
Based on property information with market context.
Built in 2023, this 1,196-square-foot residence has three bedrooms and 2.5 bathrooms. The twin-home-style structure shares one wall with the neighboring property. All bedrooms are upstairs, along with a loft; the first floor includes a half bath. Quartz countertops, stainless steel appliances, porcelain tile downstairs and vinyl laminate flooring upstairs finish the interior. A one-car garage contains a washer, dryer and arcade game, and the property also has an assigned outdoor space and guest parking. Furniture and accessories, along with future bookings, are included. The short-term rental is licensed.
The property is east of I-95 and close to Las Olas Boulevard, the airport and beaches. Restaurants and lounges on Las Olas Boulevard are approximately five minutes away. There is no HOA.
The property is east of I-95 and close to Las Olas Boulevard, the airport and beaches. Restaurants and lounges on Las Olas Boulevard are approximately five minutes away. There is no HOA.
Key Highlights
- Licensed short‑term rental with future bookings, furniture and accessories included
- 1,196 square feet; three bedrooms and 2.5 bathrooms
- Built in 2023; twin‑home‑style structure attached to the neighboring property by one wall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,960
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,200
$359.2K
Cap Rate 7%
$256,571
$256.6K
Cap Rate 9%
$199,556
$199.6K
Market Conditions
NOI Build-Up for 1,196 SF
Gross rent
$34.4K $28.80/SF
− Vacancy
−$1.8K −$1.50/SF
EGI
$32.7K $27.30/SF
− OpEx
−$14.7K −$12.29/SF
NOI
$18.0K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,200
Cap Rate 7%
$256,571
Cap Rate 9%
$199,556
Alternative Uses
Best Use
Apartment 5plus
$256.6K
$224.5K – $299.3K
NOI $17,960 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$803.7K
$703.3K – $937.7K
NOI $56,260 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Licensed and furnished for short-term stays, with future reservations included in the sale.
Where is this short term rental property located?
The property is located at 507 NW 8th Avenue 2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Licensed short‑term rental with future bookings, furniture and accessories included; 1,196 square feet; three bedrooms and 2.5 bathrooms; Built in 2023; twin‑home‑style structure attached to the neighboring property by one wall
