1721 NE 8 Street, Fort Lauderdale, FL Not Provided

Property Description

SEE OFFERING MEMORANDUM FOR MORE DETAIL *Pro-Forma Cap rate is with no required windstorm insurance for a seller financed deal. Rarely do you find an investment where the land value is nearly identical to the income value. While this property can provide a nice return, redevelopment may be the highest and best use in the long run. This provides steady cash flow while you plan your project. The streets surrounding these two adjacent properties are filled with luxury townhomes. Recently, the building across the street was demolished to make way for a luxury project. There are currently two separate buildings that make up the 7 units for a total of 4,745 SF of structure. The two lots of land total 14,250 SF.