Bought with G & E Realty Group, Inc
$230,000
$2,600,000
91.2%For more information regarding the value of a property, please contact us for a free consultation.
4417 Poinciana ST Lauderdale By The Sea, FL 33308
8 Baths
0.55 Acres Lot
Key Details
Sold Price $230,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
MLS Listing ID RX-10982649
Sold Date 08/23/24
Year Built 1973
Annual Tax Amount $18,055
Tax Year 2023
Lot Size 0.550 Acres
Property Description
4417 Poinciana St is situated where beachside charm meets lucrative investment potential. Ideally located walking distance from the beach lined with colorful shops, boutiques, and eateries. There are two buildings,; one being a 2 story where tenants can view the ocean from their front window and patio.There are many vacation rentals/Airbnb's operated properties surrounding this property and the demand for shorter term stays in this area is very high. The reason why the property is not currently operated as an Airbnb is because there is an assumable Freddie Mac loan on the property which restricts the use, otherwise that is how it would be operated. This property is being sold separately as a quadplex or in tandem with the adjacent property, 4421 Poinciana Street.
Location
State FL
County Broward
Area 3130
Zoning RESIDENTIAL(R)
Interior
Heating Central Individual
Cooling Central Individual, Wall-Win A/C
Flooring Tile
Fireplaces Type Smoke Alarm, Smoke Detector
Exterior
Utilities Available Cable, Electric, Municipal Water
Waterfront No
Roof Type Flat Tile
Building
Story 100.00
Foundation CBS
Others
Acceptable Financing Assumable-Qualify, Cash, Conventional
Listing Terms Assumable-Qualify, Cash, Conventional
Financing Assumable-Qualify,Cash,Conventional
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