305-609-4190
507 NW 8th Ave  #2, Fort Lauderdale FL 33311
Active Single Family Residence

507 NW 8th Ave #2, Fort Lauderdale FL 33311

Fort Lauderdale, FL, 33311

$569,900

Est. $2,882/mo (20% down)

3
Beds
2.5
Baths
1,196
Sq Ft
2023
Year Built
—
Lot Sq Ft
1
Garage

Photo Gallery (39 photos)

About This Property

FULLY-FUNCTIONING, TURNKEY, LICENSED SHORT-TERM RENTAL 3 BED/2.5 BATH RESIDENCE CLOSE TO LAS OLAS BLVD!! NO HOA!! BUY THE PROPERTY & YOU WILL ALSO GET A FUNCTIONING SHORT-TERM RENTAL BUSINESS SAVING YOU A LOT OF TIME & EFFORT IF LOOKING FOR A SHORT-TERM RENTAL PROPERTY. PROFESSIONALLY MANAGED BY AIRBNB SUPERHOST. GREAT OPPORTUNITY TO BUY ONE OR 2 SHORT-TERM RENTAL PROPERTIES AS THE ADJACENT PROPERTY IS ALSO FOR SALE. KEEP THE CURRENT AIRBNB SUPERHOST PROPERTY MANAGER OR USE YOUR OWN. SALE INCLUDES FUTURE BOOKINGS & ALL FURNITURE AND ACCESSORIES. PROPERTY IS A TWIN-HOME STYLE STRUCTURE ONLY ATTACHED BY ONE WALL TO THE PROPERTY NEXT DOOR. ONLY 3 YEARS OLD FOR WORRY-FREE OWNERSHIP AND LOW-COST PROPERTY INSURANCE. QUARTZ COUNTER TOPS AND STAINLESS STEEL APPLIANCES. PORCELAIN TILES IN THE FIRST FLOOR AND VINYL LAMINATE FLOORING ON THE SECOND FLOOR. 1/2 BATH ON THE FIRST FLOOR FOR GREATER CONVENIENCE. ALL 3 BEDROOMS ARE UPSTAIRS FOR MAXIMUM PRIVACY. UPSTAIRS LOFT FOR GAMING OR REMOTE WORKING. 1-CAR GARAGE WITH WASHER, DRYER AND ARCADE GAME. ADDITIONAL ASSIGNED PARKING SPACE OUTSIDE AS WELL AS GUEST SPACES. GREAT NEIGHBORHOOD WITH MUCH NEW CONSTRUCTION NEARBY, INCLUDING THE ADDERLY CONDO. ONLY 5 MINUTES TO ALL THE RESTAURANTS AND LOUNGES ON LAS OLAS BLVD. EAST OF I-95 AND CLOSE TO THE AIRPORT AND BEACHES FOR ULTIMATE CONVENIENCE. PERFECT FOR PRIMARY OCCUPANTS, SECOND HOME OR INVESTORS! LOW DOWN-PAYMENT FINANCING (3%-5%) IS ALSO POSSIBLE FOR PRIMARY RESIDENCE OCCUPANTS. NO HOA FEE!

Property Details

MLS #

A11964875

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

2023

Days on Market

129

Pool

No

Waterfront

No

Price / Sq Ft

$477

HOA Fee

None

Est. Insurance

$190/mo

Tax Year

2025

Tax Amount

$9,815

Garage

1 Car

Lot Size

—

MLS Area

North Lauderdale

Subdivision

NORTH LAUDERDALE

Mortgage Calculator

Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$3,989
Est. Monthly Rent
-1.5%
Cap Rate
-7.6%
Cash-on-Cash
$-8,619
Net Operating Income

ROI Projections (4% Annual Appreciation)

71%
5-Year ROI
Value: $693,370
165%
10-Year ROI
Value: $843,591
287%
15-Year ROI
Value: $1,026,358

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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