Basic Information

  • MLS # A11657601
  • Type Duplex
  • Status Active Under Contract
  • Subdivision/Complex New Utopia
  • Year Built 2008
  • Total Sqft 6,108
  • Date Listed 09/19/2024
  • Days on Market 276
Description

This is a prime investment opportunity in Fort Lauderdale’s prestigious Tarpon River. These two renovated townhouses, luxury multi-level units townhouses over 3,000 square feet of high-end living space, featuring travertine and porcelain flooring, European cabinetry, stainless steel appliances, and granite countertops. The third-floor master suites include private balconies and spa-like bathrooms, providing an elevated living experience. Both units are leased to quality tenants at $4,250 & $4,500 per month, delivering a rare 5.7% high yield cap rate in a premium market. As a fully turn-key asset, this property ensures immediate cash flow and low operational risk, positioning it as an attractive addition to any portfolio focused on capital preservation and growth. Included 4 parking spaces

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Roof Description Barrel, Concrete
  • Style Duplex

Interior Features

  • Adjusted Sqft 6,108Sq.Ft
  • Cooling Description Central Air
  • Floor Description Hardwood, Vinyl, Wood
  • Heating Description Central
  • Sqft 6,108 Sq.Ft

Property Features

  • Address 716 SW 9th Ter
  • Aprox. Lot Size 6,108
  • City Fort Lauderdale
  • Construction Materials Block
  • County Broward
  • Furnished Info no
  • Levels Two
  • Listing Terms Cash, Conventional
  • Lot Features Quarter To Half Acre Lot
  • Occupant Type Tenant
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Fort Lauderdale
  • Public Survey Section Two
  • Public Survey Township 50
  • Roof Barrel, Concrete
  • Sewer Description Public Sewer
  • Stories 2
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info New Utopia
  • Tax Amount $16,226
  • Tax Legal desc N E W U T O P I A8-21 B L O T19 S1/2,20 S1/2
  • Tax Year 2023
  • Terms Considered Cash, Conventional
  • Type of Property Duplex
  • Year Built Details Resale

716 SW 9th Ter

Fort Lauderdale, FL 33315

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Alure Capital. tel: 786-328-9237

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