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400-412 SE 21 Street

Fort Lauderdale, FL 33316
  • $2,550,000
  • STATUS: Active
  • ON SITE: 260 Days
  • ID#: RX-10816473
UPDATED: 42 min ago
$2,550,000
  • 0
    BEDS
  • 0.59
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1968
County:

School Ratings & Info

Description

FULL OFFERING MEMORANDUM AVAILABLE. NOI shown is current, run as CREW housing but can easily be run as annual rental or Airbnb after obtaining a license. Manager willing to stay on to continue the CREW model. CREW housing provides living space for the crew of yachts while they are being serviced. Tenants stay for a short as a few weeks and as long as more than a year. Most are there for months. They rent by the bed, room or apartment. This model maximizes revenue but unlike other short term models, there is less in and out and tenants are professionals who work on multimillion dollar yachts. This is a rare assemblage of four contiguous lots zoned RMM-25 in East Fort Lauderdale. Same owner for 17 years!

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www.westpalmhomesearch.com/homes/130860388
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400-412 SE 21 Street Fort Lauderdale, FL 33316

  • Price: $2,550,000
  • Status: Active
  • On Site: 260 Days
  • Updated: 42 min ago
  • ID#: RX-10816473
0
Beds
0
Baths
0
½ Baths
0.59
Acres
1968
Built
County:
Broward
Area:
Fort Lauderdale
Property Description
FULL OFFERING MEMORANDUM AVAILABLE. NOI shown is current, run as CREW housing but can easily be run as annual rental or Airbnb after obtaining a license. Manager willing to stay on to continue the CREW model. CREW housing provides living space for the crew of yachts while they are being serviced. Tenants stay for a short as a few weeks and as long as more than a year. Most are there for months. They rent by the bed, room or apartment. This model maximizes revenue but unlike other short term models, there is less in and out and tenants are professionals who work on multimillion dollar yachts. This is a rare assemblage of four contiguous lots zoned RMM-25 in East Fort Lauderdale. Same owner for 17 years!
Exterior Features

Roof Concrete TileMixed Waterfront YN No

Interior Features

Bath Toilets 13.00 Cooling Ceiling FanCentralWall-Win A/C Flooring Tile Heating Other Percent Air Conditioned 100.00

Property Features

Auction No Available Docs Occupational License Available Info Investment Analysis Fire Protection Smoke Detector For Lease No For Sale Yes Land Income Income (Other Land) Lease Month To Month List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Sale Includes Building And Land Tax Amount Real Estate Taxes 31190.83 Tax Year 2022 Tenant Pays None Terms Considered CashConventional Type Of Building Resident. Multi-Fam. Use Income Utilities 1-100 AmpCableElectricGas NaturalPublic WaterSeparate Meter Zoning Rmm-25

Listing provided courtesy of Coldwell Banker Commercial: [IDXCONTACTINFORMATION]. Listing information © 2023 BeachesMLS
 
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