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400-412 SE 21 Street

Fort Lauderdale, FL 33316
  • $2,950,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: RX-10816473
UPDATED: 58 min ago
$2,950,000
  • 0
    BEDS
  • 0.59
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1968
County:

School Ratings & Info

Description

Rare assemblage of four contiguous lots zoned RMM-25 in East Fort Lauderdale. The same owner for more than 17 years has been running these properties as crew housing for the yachting industry. Their unique model and excellent management produce consistent above average yields. A buyer can continue to enjoy cash flow while watching the land appreciate and likely selling to a developer in the future. Alternatively, a buyer may wish to run the property as short term or annual rentals.Located just two blocks north and one block west of Marina Mile in east Fort Lauderdale, these properties are perfect for crew housing. Additionally, their RMM-25 zoning designation provides for major upside via development when desirable.Deborah Cook of Neptune Realty Group LLC will assist with showings.

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www.thepaizgroup.com/homes/130860388
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400-412 SE 21 Street Fort Lauderdale, FL 33316

  • Price: $2,950,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 58 min ago
  • MLS #: RX-10816473
0
Beds
0
Baths
0
½ Baths
0.59
Acres
1968
Built
County:
Broward
Area:
Fort Lauderdale
Property Description
Rare assemblage of four contiguous lots zoned RMM-25 in East Fort Lauderdale. The same owner for more than 17 years has been running these properties as crew housing for the yachting industry. Their unique model and excellent management produce consistent above average yields. A buyer can continue to enjoy cash flow while watching the land appreciate and likely selling to a developer in the future. Alternatively, a buyer may wish to run the property as short term or annual rentals.Located just two blocks north and one block west of Marina Mile in east Fort Lauderdale, these properties are perfect for crew housing. Additionally, their RMM-25 zoning designation provides for major upside via development when desirable.Deborah Cook of Neptune Realty Group LLC will assist with showings.
Exterior Features

Roof Concrete TileMixed Waterfront YN No

Interior Features

Bath Toilets 13.00 Cooling Ceiling FanCentralWall-Win A/C Flooring Tile Heating Other Percent Air Conditioned 100.00

Property Features

Auction No Available Docs Occupational License Available Info Investment Analysis Fire Protection Smoke Detector For Lease No For Sale Yes Land Income Income (Other Land) Lease Month To Month List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Possession At Closing Sale Includes Building And Land Tax Amount Real Estate Taxes 28058.47 Tax Year 2021 Tenant Pays None Terms Considered CashConventional Type Of Building Resident. Multi-Fam. Use Income Utilities 1-100 AmpCableElectricGas NaturalPublic WaterSeparate Meter Zoning Rmm-25

Listing provided courtesy of Coldwell Banker Commercial: (561) 395-2233. Listing information © 2022 BeachesMLS
 
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The Paiz Group | EWM Realty International
1700 East Las Olas Boulevard Suite 103
Fort Lauderdale FL, 33301