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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1137 SE 6th Terrace 1-8 , Fort Lauderdale, FL 33316
$2,600,000
Est. Payment: $5,777.78/mo
0 Bed
0 Bath
2997 Sqft
Status: Active | Days on site: 1
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FLL277003099 - FLL277008888
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House Description

Rare opportunity to acquire a completely renovated 8-unit commercial building in the heart of East Fort Lauderdale, east of US 1. This turnkey property has been taken down to the studs and rebuilt with quality throughout, making it an ideal investment for an owner-user or investor seeking minimal future maintenance. Perfectly situated in the highly desirable Rio Vista area, just minutes from Las Olas Boulevard and the 17th Street Causeway, the property provides convenient access to Whole Foods, Starbucks, restaurants, boutique shopping, nightlife, fitness centers, and many of Fort Lauderdale's most popular destinations. This central East Fort Lauderdale location offers outstanding accessibility, strong demographics, and exceptional long-term investment potential in one of South Florida's most sought-after commercial corridors. The property consists of eight units and has undergone a complete gut renovation with extensive new systems and improvements throughout. Improvements include all-new impact doors and windows, interior gypsum-board walls with soundproofing, mini-split air-conditioning systems with 10-year warranties, a new fire-retardant roof system, and replacement of the cast-iron plumbing with PVC and copper. The property also features new electrical throughout, a contemporary driveway and outdoor patio, and updated systems throughout. Four of the units are configured as studio apartments and four as one-bedroom units. The residential-style improvements include four in-unit washers and dryers and four full ultra-modern kitchens. Overall, the property is presented in exceptional condition with substantial modern, high quality improvements and updated infrastructure.

Highlights

Listed by Jorge A Zea , 855-550-0528 Blue Lighthouse Realty, INC , 855-550-0528.

Property Type

Commercial Sale

Lot/Acreage
0.14

Year Built

1958

County

Broward

Area

3600

Listing ID

B26074004

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Ceiling Fan(s)
Fireplaces:
Floor:Marble,Tile
Water:Public

Exterior Features

Lot:<1 Acre,< 1/4 Acre
Garage Capacity:8
Zoning:RS-8
Roof:Flat,Tar/Gravel,Tile
Sewer:Public Sewer
Parking Features:Common,Free Parking,Guest
Principal Interest
$5,778
Taxes
$1,418

Home Price

$2,600,000

Loan Details

30 yrs
%

Down Payment

20%
$520,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,777.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,777.78 $1,417.83 $0.00 $7,195.61
Yearly $69,333.33 $17,014.00 $0.00 $86,347.33
Total $2,080,000.00 $510,420.00 $0.00 $2,590,420.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.