For Sale
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Property summary
This exceptional investment opportunity presents a well-maintained, completely remodeled, and nicely furnished five-unit triplex located in the desirable Coral Ridge Isles area of Fort Lauderdale, Florida. Built in 1962, this single-story property boasts a prime location near the beach, surrounded by expensive homes. The property features two 2-bedroom/2-bathroom units and one 2-bedroom/1-bathroom unit. Two units have separate entrances, offering the potential to convert them into studios, increasing the total unit count to five (three 1-bedroom/1-bathroom units and two studios). Currently licensed for Airbnb, this property is ideal for both short-term and yearly rentals, generating strong rental income. The property is professionally managed and enjoys high occupancy due to its desirable location and amenities, including a pool. Hurricane shutters and a Bermuda roof, certified by an engineering firm, provide significant hurricane resistance. The asking price is $1,299,000. The current management contract can be terminated with 90 days' notice. Please note that the mentioned rental income is based on projected yearly rentals. Do not disturb tenants or guests.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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