For Sale
$849,997

2610 18Th TerLighthouse Point, FL 33064

Florida Duplex, Two Units, High Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
115
This charming 1-story, 2-unit apartment building in Lighthouse Point, Florida, presents a fantastic investment opportunity. Built in 1959, the property boasts a new roof (2020) and offers a unique blend of short-term and long-term rental income streams. Unit A, a 1-bedroom, 1-bathroom apartment, is currently generating significant revenue as a highly profitable short-term rental. Existing bookings are transferable, ensuring a smooth transition for the new owner. The unit is uniquely decorated and furnished, offering a turnkey solution. Unit B, a 3-bedroom, 2-bathroom apartment, is currently leased with a lease expiring in April 2025, although the tenants may be willing to vacate earlier. The property's location offers convenient access to beautiful beaches, local restaurants, and other amenities. This duplex is ideally suited for investors seeking to expand their portfolio or those looking for a profitable entry into the real estate market, providing a compelling combination of immediate cash flow and long-term rental potential. The property is located at 2610 NE 18th Ter, Lighthouse Point, FL 33064, in Broward County. The asking price is $849,997.

Highlights

  • $849,997 asking price for a 2-unit apartment building in Lighthouse Point, FL.
  • 1959 construction, 1-story building.
  • Two units: one 1 bed/1 bath short-term rental with existing bookings, and one 3 bed/2 bath unit with lease expiring April 2025.
  • Located in Lighthouse Point, Broward County, FL, near beaches and restaurants.

Property Details for 2610 18Th Ter

Property type
Apartment buildings, Small apartment buildings
Year Built
1959
Stories
1
Units
2

Location Insight

City
Lighthouse Point
County
Broward
State
Florida
Latitude
26.2633502
Longitude
-80.097714
2610 18Th Ter, Lighthouse Point, Florida

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2610 18Th Ter
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