716 9Th Ter, Fort Lauderdale, FL 33315
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 716 9Th Ter
- Year built
- 2008
- Property type
- Small apartment buildings
Description
This exceptional Fort Lauderdale investment property, located at 716 SW 9th Ter, 33315, offers two renovated, luxury townhouses totaling over 3,000 square feet of living space. Built in 2008, this two-story apartment building boasts high-end finishes throughout, including travertine and porcelain flooring, European cabinetry, stainless steel appliances, and granite countertops. Each unit features multiple levels and provides a sophisticated living experience. The third-floor master suites are particularly noteworthy, featuring private balconies and spa-like bathrooms. Currently leased to high-quality tenants at $4,250 and $4,500 per month respectively, this fully turnkey asset generates a strong 5.7% cap rate. The property includes four parking spaces, minimizing tenant parking concerns. Situated in the prestigious Tarpon River area of Fort Lauderdale, this property presents a rare opportunity for investors seeking immediate cash flow, low operational risk, and significant capital appreciation in a prime South Florida market. The asking price is $1,500,000. This is an ideal addition to any portfolio focused on long-term growth and stability.
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Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1538178
- Latitude
- 26.1120889
