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For Sale549 Days
$2,500,000

507-513 8th Ave
Fort Lauderdale, FL 33311

Commercial For Sale
7,470 Sq. Ft.
Miami Real Estate Agency

Description for 507-513 8th Ave, Fort Lauderdale, FL 33311

$CAP RATE OF 9.77% & RISING$ FULLY-LICENSED SHORT-TERM RENTAL PORTFOLIO OF 5 INDIVIDUALLY TITLED TOWNHOMES WHICH JUST WENT ACTIVE AUGUST 2023. LESS THAN 5 MINUTES FROM DOWNTOWN & ALL THE LAS OLAS BLVD ACTION . ALMOST $100,000 IN FUTURE BOOKINGS INCLUDED WITH THE SALE. “SISTRUNK SHADES” IS THE NAME UNDER WHICH YOU WILL FIND IT IN AIRBNB & ALL THE STR PLATFORMS. NEW CONSTRUCTION BUILT IN 2023. TURNKEY FULLY-FURNISHED BUSINESS. SELLER CAN STAY ON & MANAGE THE OPERATION SO THAT THE BUYER CAN TAKE ADVANTAGE OF ALL THE MARKETING & MOMENTUM CREATED BY THE SELLER. START MAKING MONEY IMMEDIATELY AFTER CLOSING! EACH TOWNHOME IS FULLY FURNISHED & CONSISTS OF 3 BEDROOMS, 2.5 BATHS & A 1-CAR GARAGE. THERE IS ALSO ONE ASSIGNED PARKING SPACE/UNIT & 2 GUEST PARKING SPACES. LOW INSURANCE & NO HOA FEE!

Property Details

Listing Details
For Sale
Commercial
Multi-Family
For Sale
A11517021
$2,500,000
01/18/2024
7,470 Sqft
2023
17
7
0630027
Location Information
US
FL
Broward County
Fort Lauderdale
33311
8th Ave
507-513
W81° 50' 50.1''
N26° 7' 40.7''
507-513 NW 8th Ave
3390
NW
Yes
Garage/Parking
Guest,Assigned
No
No
Interior Features
Tile,Wood
Impact Glass
Smoke Detector(s),Motion Detectors
Exterior Features
Shingle
Block
WaterFront and WaterAccess
No
Land Info
City Street
$2,500,000
Utilities
Central,Electric
Central Air
Public Sewer
HOA Info
2
Annually
Tax Info
North Lauderdale 1-48 D 3-50-42 POR LAND IN BLK 16 DESC AS, COMM NE CORNER OF LOT 20 IN BLK 16, W ALG N/L OF LOT 20 45.08 TO POB, W 29.66
$6,290
2023
Listing Information
Miami Real Estate Agency
Jose Gonzalez
17
MIAY01
Sefmiami
$2,500,000
No
Public
3255239
Miami Real Estate Agency
Erik Mendelson

Price History

Source: MLS
DateEventPriceSource
2024-01-18For Sale$2,500,000MLS
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Walk Score

Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

4

Bike Score

7

Transit Score

3

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© 2025 Miami Association of REALTORS®. All rights reserved. The information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.