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Key Details
Sold Price $1,230,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,108 sqft
Price per Sqft $201
Subdivision New Utopia
MLS Listing ID A11657601
Sold Date 07/04/25
Construction Status Resale
HOA Y/N Yes
Year Built 2008
Annual Tax Amount $16,226
Tax Year 2023
Contingent 3rd Party Approval
Property Sub-Type Duplex
Property 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
Location
State FL
County Broward
Community New Utopia
Area 3740
Interior
Heating Central
Cooling Central Air
Flooring Hardwood, Vinyl, Wood
Exterior
Pool None
Utilities Available Cable Available
Roof Type Barrel,Concrete
Total Parking Spaces 4
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 504209160120
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Listed As-Is
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Bought with Alure Capital