2610 18Th TerLighthouse Point, FL 33064

Property Details for 2610 18Th Ter

Year built

1959

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Lighthouse Point

County

Broward

State

Florida

Latitude

26.2633

Longitude

-80.0977

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