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    1137 8Th Ter Fort Lauderdale, FL 33315

    Sponsored
    For Sale
    $710,000

    Turnkey Triplex, Updated Units, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a charming, fully renovated non-conforming triplex located in the heart of Fort Lauderdale, Florida, at 1137 SW 8th Terrace, 33315. Built in 1949, this single-story building comprises three separate one-bedroom units, each boasting modern updates and mini-split AC systems. The front unit offers a unique advantage with its private courtyard and separate entrance. Currently operating as a successful short-term vacation rental under the "Blue House" name (with an active license), this property presents a turnkey solution for immediate income generation. Detailed financial information regarding the business operation is available upon request. The property is conveniently located near the Tarpon River. Seller financing is available. Note that this property is a non-conforming triplex with only one water meter. This property can be purchased independently or in conjunction with the adjacent property at 817 SW 12th Street (sold separately). The asking price for this lucrative investment is $710,000.

    Property Features for 1137 8Th Ter

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1949
    Stories
    1

    HighLights

    • $710,000 asking price.
    • Multifamily property, specifically a non‑conforming triplex.
    • Built in 1949, one‑story building.
    • Located at 1137 SW 8th Terrace, Fort Lauderdale, FL 33315.
    • Fully updated, three 1‑bedroom units.
    • Active vacation rental license; financials available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Blue House, Fort ... Guest House On Site Plumber & Leak ... Plumber

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.151337
    Latitude
    26.1077758

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey Triplex, Updated Units, High ROI
    Where is this multifamily property located?
    The property is located at 1137 8Th Ter Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $710,000.
    What are key features of this property?
    This property features: $710,000 asking price.; Multifamily property, specifically a non-conforming triplex.; Built in 1949, one-story building.
    Request Owner's contact information
    1137 8Th Ter 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
    1137 8Th Ter Fort Lauderdale, FL 33315
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