507 NW 8th Ave #1, Fort Lauderdale, FL 33311 — MLS photo

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507 NW 8th Ave #1, Fort Lauderdale, FL 33311

Active · SingleFamilyResidence

$569,900

507 NW 8th Ave #1, Fort Lauderdale, FL 33311

Beds
3
Baths
3
Living area
1,205 sq ft
$ / sq ft
$473/sq ft
Year built
2023
Lot size
2,251 sq ft
HOA fee
—
Annual tax
$9,668

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 location

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507 NW 8th Ave #1, Fort Lauderdale, FL 33311

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,205 sq ft
Flooring
Laminate
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
First Floor Entry, Living Dining Room, Tub Shower, Upper Level Primary
Furnished
Furnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2023
Lot size
2,251 sq ft
Architectural style
Two Story, Twin Home
Roof
Shingle
Construction
CBSConcrete Block Structure, Block
Exterior features
None, Security High Impact Doors
Pool
None
View
Garden

Parking

Garage spaces
1
Covered spaces
1
Parking features
Attached, Garage, Guest, Garage Door Opener

HOA, Community & Financials

Security
Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$9,668
Subdivision
NORTH LAUDERDALE
County
Broward
Days on market
129
MLS listing ID
A11964880
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$477

Cap rate
4.7%
Net yield
4.7%
Cash-on-cash return
-3.6%
Gross yield
7.9%
Mortgage payment
$2,702/mo
Down payment
$142,475
Loan amount
$427,425
Annual NOI
$26,692

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.