716 SW 9th Ter, Fort Lauderdale FL 33315,Fort Lauderdale,Broward County,Residential Income

  • $1,350,000
716 SW 9th Ter, Fort Lauderdale FL 33315
Residential Income Active
716 SW 9th Ter, Fort Lauderdale FL 33315,Fort Lauderdale,Broward County,Residential Income
716 SW 9th Ter, Fort Lauderdale FL 33315
  • $1,350,000

Overview

  • Duplex
  • Property Type
  • 6108
  • Square Feet
  • 2008
  • Year Built

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

  • Address 9th Ter
  • City Fort Lauderdale
  • State/county Broward County
  • Zip/Postal Code 33315
  • Area NEW UTOPIA

Details

Updated on April 26, 2025 at 12:19 am
  • Property ID: A11657601
  • Price: $1,350,000
  • Property Size: 6108 Square Feet
  • Year Built: 2008
  • Property Type: Duplex
  • Property Status: Residential Income

Additional details

  • StreetDirPrefix: SW
  • PublicSurveyRange: 42
  • ShowingInstructions: 24 Hour Notice
  • ListAgentKey: 5dbbb44f6004a5136bafd465bac2b3eb
  • TaxLegalDescription: NEW UTOPIA 8-21 B LOT 19 S1/2,20 S1/2
  • OnMarketDate: 2024-09-16
  • ListAgentEmail: [email protected]
  • ContractStatusChangeDate: 2024-09-16
  • MajorChangeTimestamp: 2025-04-25T21:36:51.243Z
  • Flooring: Vinyl,Wood
  • PhotosCount: 14
  • Cooling: Central Air
  • StatusChangeTimestamp: 2024-09-21T04:15:56.327Z
  • MIAMIRE_TypeofAssociation: None
  • TaxExemptions: Tax Reflects No Homestead Exemption
  • BuildingName: NEW UTOPIA
  • MIAMIRE_AdjustedAreaSF: 6108
  • PriceChangeTimestamp: 2025-04-25T21:36:51.243Z
  • ListingKeyNumeric: 400780792
  • MajorChangeType: Price Decrease
  • ListingContractDate: 2024-09-16
  • Zoning: RD-15
  • ListAOR: A-Miami Association of REALTORS
  • MLSAreaMajor: New Utopia
  • TaxAnnualAmount: 16226
  • ListOfficeName: Alure Capital
  • MIAMIRE_RATIO_CurrentPrice_By_SQFT: 221.02
  • OriginatingSystemKey: miamire
  • PhotosChangeTimestamp: 2024-09-19T21:18:29.400Z
  • OriginatingSystemName: Miami Association of REALTORS®
  • ListOfficePhone: 786-328-9237
  • MlsStatus: Active
  • StreetNumber: 716
  • ListingKey: 5ab6ab5f130c989d1ed145e8bceb7e4f
  • StateOrProvince: FL
  • ListOfficeKey: b5f8e98cae9569f92b6e51090d277650
  • BridgeModificationTimestamp: 2025-04-25T21:39:57.062Z
  • ListAgentFullName: Adam Redolfi
  • Roof: Barrel Roof,Concrete
  • ParkingTotal: 4
  • ListAgentOfficePhone: 786-328-9237
  • Stories: 2
  • ParcelNumber: 504209160120
  • ListingTerms: All Cash,Conventional
  • OperatingExpense: 7559
  • YearBuiltDetails: Resale
  • OtherExpense: 0
  • Possession: Funding
  • IDXParticipationYN: 1
  • InternetAddressDisplayYN: 1
  • ListAgentMlsId: 3585733
  • StoriesTotal: 2
  • ModificationTimestamp: 2025-04-25T21:36:51.243Z
  • OriginatingSystemID: miamire
  • PreviousListPrice: 1500000
  • DaysOnMarket: 219
  • NetOperatingIncome: 81250
  • ListOfficeMlsId: AUCP01
  • ListAgentDirectPhone: 786-328-9237
  • StreetNumberNumeric: 716
  • PostalCodePlus4: 1124
  • NumberOfUnitsInCommunity: 2
  • Sewer: Public Sewer
  • SyndicationRemarks: 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
  • Heating: Central
  • MIAMIRE_LPAmtSqFt: 221.0216
  • StructureType: Duplex
  • BuildingAreaSource: Owner
  • TotalActualRent: 105000
  • ListAgentStateLicense: 3585733
  • PublicSurveyTownship: 42
  • StreetName: 9th Ter
  • ListingAgreement: Exclusive Right To Sell
  • PublicSurveySection: 9
  • OriginalListPrice: 1500000
  • BuildingAreaUnits: Square Feet
  • RentIncludes: None,Sewer,Trash Collection
  • InternetEntireListingDisplayYN: 1
  • InternetAutomatedValuationDisplayYN: 1
  • TaxYear: 2023
  • OriginalEntryTimestamp: 2024-09-19T16:43:25.343Z
  • SourceSystemKey: 400780792
  • LotFeatures: 1/4 To Less Than 1/2 Acre Lot
  • DocumentsAvailable: Accounting Statements,Deposit - Last Months Rent,Deposit - Security,Investment Analysis,Rent Rolls
  • ConstructionMaterials: Concrete Block Construction
  • MIAMIRE_Style: Duplex
  • AssociationFee: 0
  • LotSizeSquareFeet: 0
  • ArchitecturalStyle: Attached
  • InternetConsumerCommentYN: 1
  • BuildingAreaTotal: 6108

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