916 SW 8th Avenue, Unit 1
Property Description
Rare opportunity: Investors seeking current income, long-term appreciation, and 1031 exchange potential. In Fort Lauderdale's desirable Tarpon River neighborhood, this property offers 2,664 sq ft of building area on a large 9,687 sq ft lot, minutes to Downtown Ft L, Las Olas, beaches, & Airport. This fully occupied fourplex has four 1-bedroom / 1-bath units, with current cash flow and future upside. Each unit's rent potential is $1,800-$2,000 per month yielding gross rents of $7,200-$8,000 monthly. Acquired by the seller as a 1031 exchange, preliminary architectural due diligence includes construction survey (3/2026) and feasibility review, indicating potential for 2 townhomes, subject to design, City permits / approval. Buyer to independently verify with planning and zoning departments.Broker Details
EXP REALTY LLC (941) 315-8557
MLS ID: 3367861 State License Number: 3367861
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $990,000 |
| No. of Units: | 4 |
| Year Built: | 1958 |
| Lot Size: | 2,662.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $247,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 0 |
ID: 3yd-RMLSFL-B26041790
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