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    OFF-MARKET
    Commercial real estate

    2131 40 Ct, Lighthouse Point, FL 33064

    Built 1964
    Property ID
    US18-2653252
    Property summary
    AI-generated overview

    This exceptional 8-unit multi-family property, located at 2131 NE 40th Court in Lighthouse Point, Florida, presents a lucrative investment opportunity. Built in 1964, this special purpose property boasts a prime location east of US-1, surrounded by multi-million dollar residential properties. Each of the eight units is a spacious one-bedroom, one-bathroom apartment, featuring updated living and dining areas. Residents enjoy the convenience of central air conditioning, hurricane impact windows and doors, and updated electrical systems. Individual storage units are provided for each tenant, along with a shared coin-operated laundry facility. The property's roof is approximately 13 years old, and most of the air conditioning units have been replaced within the last 5-6 years. This turnkey property is ideally situated minutes from pristine sandy beaches and vibrant shopping districts, making it exceptionally well-suited for Airbnb or vacation rentals. The asking price is $2,750,000. The lot size is not specified. This is a truly remarkable opportunity to acquire a high-performing investment property in a highly desirable location. The property is ready for immediate income generation.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1964
    UPID US18-2653252
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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