Current Use by Public Records
- Commercial real estate
Property Details for 8897 Fontainebleau Blvd
- Year built
- 1974
- Property type
- Commercial real estate
Description
Exceptional investment opportunity in Fontainebleau, Florida, featuring an eight-unit multifamily condo portfolio priced at $2,380,000. This portfolio comprises eight units spread across several established communities: five are two-bedroom, two-bathroom units; one is a two-bedroom, one-and-a-half-bathroom unit; and two are three-bedroom, two-bathroom units. The units are located in Pineside Condominium, Golfview Club Condominium, Bleau Grotto Condo, and Pinebark Condominium in Fontainebleau, and Bayan Tree Condominium in The Hammocks. All units are currently leased to long-term tenants under annual agreements, ensuring consistent rental income. The property boasts a strong rental history with all units well-maintained. This portfolio presents a compelling investment prospect with a substantial annual gross rental roll and a noteworthy return on investment. Built in 1974, this portfolio offers a blend of established tenancy and potential for future appreciation. Financial data indicates a strong net operating income and a high return on investment, making this an attractive opportunity for discerning investors seeking a stable and profitable multifamily asset.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fontainebleau
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.3382
- Latitude
- 25.777
