Bought with Luxury Partners Realty
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Key Details
Sold Price $2,380,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
MLS Listing ID RX-10816473
Year Built 1968
Annual Tax Amount $31,190
Tax Year 2022
Lot Size 0.590 Acres
Property Sub-Type MultiFamily (5+ Units)
Property Description
FULL OFFERING MEMORANDUM AVAILABLE. NOI shown is current, run as CREW housing but can easily be run as annual rental or Airbnb after obtaining a license. Manager willing to stay on to continue the CREW model. CREW housing provides living space for the crew of yachts while they are being serviced. Tenants stay for a short as a few weeks and as long as more than a year. Most are there for months. They rent by the bed, room or apartment. This model maximizes revenue but unlike other short term models, there is less in and out and tenants are professionals who work on multimillion dollar yachts. This is a rare assemblage of four contiguous lots zoned RMM-25 in East Fort Lauderdale. Same owner for 17 years!
Location
State FL
County Broward
Area 3600
Zoning RMM-25
Interior
Heating Other
Cooling Ceiling Fan, Central, Wall-Win A/C
Flooring Tile
Fireplaces Type Smoke Detector
Exterior
Utilities Available 1-100 Amp, Cable, Electric, Gas Natural, Public Water, Separate Meter
Roof Type Concrete Tile,Mixed
Building
Story 100.00
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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