720 Harris Ter, Fort Lauderdale, FL 33311
For Sale
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This exceptional eight-unit multifamily property, located at 720 Harris Terrace #8 in Fort Lauderdale, Florida (zip code 33311), presents a compelling investment opportunity. Built in 1965, this single-story building underwent a complete gut renovation in 2023, with all work completed under permit. The renovation included brand new electrical systems, air conditioning units, a resurfaced parking lot, a new motorized gate, updated light fixtures, and a completely new roof installed just two weeks prior to listing. The property comprises seven studio units and one two-bedroom, one-bathroom unit. Current rental income ranges from $1250 to $1400 per month for the studios and $1900 per month for the two-bedroom unit. Sitting on an expansive approximately 11,000 square foot lot, this property offers significant potential for future redevelopment, particularly given its location in a rapidly growing area. The proximity to the ongoing Sistrunk Avenue redevelopments positions this investment for substantial long-term appreciation. The asking price for this turnkey investment is $1,150,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
