2 months on rocket

716 SW 9th Ter, Fort Lauderdale, FL, 33315

$1,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
6,108 SqFt
$246/SqFt
Multi

Location

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716 SW 9th Ter, Fort Lauderdale$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built2008
HeatingCentral
CoolingCentral Air
MLS #A11657601
StatusActive

About 716 SW 9th Ter

This is a prime investment opportunity in Fort Lauderdale’s prestigious Tarpon River. These two renovated townhouses, luxury multi-level units townhouses over 3,000 square feet of high-end living space, featuring travertine and porcelain flooring, European cabinetry, stainless steel appliances, and granite countertops. The third-floor master suites include private balconies and spa-like bathrooms, providing an elevated living experience. Both units are leased to quality tenants at $4,250 & $4,500 per month, delivering a rare 5.7% high yield cap rate in a premium market. As a fully turn-key asset, this property ensures immediate cash flow and low operational risk, positioning it as an attractive addition to any portfolio focused on capital preservation and growth. Included 4 parking spaces

Property Details

Property Features

Property Information:

  • Year Built: 2008
  • Stories: 2
  • Living Area: 6,108 SqFt

Listing Office:

  • Office Name: Alure Capital
  • Office Phone: (786) 328-9237
  • Listing Agent: Adam Redolfi

Interior Features

Interior Information:

  • Flooring Type: Vinyl, Wood

Virtual/3D Tour

  • Virtual Tour: 716 SW 9th Ter
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $246/SqFt
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Housing Market Comparison

See how this home compares to others in Fort Lauderdale, FL.

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Fort Lauderdale, FL

City

Med. Sold Price

$484.4K

Med. Price/SqFt

$366

Avg. Days On Market

75

# of Sold Homes

93

716 SW 9th Ter vs Fort Lauderdale

62 DAYS ON ROCKET

-13 Days

$1,500,000

+$1.0M More

$246/SqFt

-$120 Less

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $120/SqFt less than other homes in Fort Lauderdale, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11657601

Listing Office:

  • Office Name: Alure Capital
  • Office Phone: (786) 328-9237
  • Listing Agent: Adam Redolfi

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 4:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-360804
4
/10

  • Charter School of Excellence

  • 1217 SE 3rd Ave

  • 0.91 miles

  • Public Charter Grades KG-5

school-card-donut-360805
2
/10

  • North Fork Elementary School

  • 101 NW 15th Ave

  • 0.96 miles

  • Public Magnet Grades PK-5

school-card-donut-360806
1
/10

  • Walker Elementary School

  • 1001 NW 4th St

  • 1.00 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,742. Residents of Fort Lauderdale, FL typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Fort Lauderdale›33315›716 SW 9th Ter

This home is located at 716 SW 9th Ter in Fort Lauderdale, FL and zip code 33315 in the Tarpon River neighborhood. This 6,108 square foot home was built in 2008. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $1,500,000.

Over 12 listings were sold over their listed price in October 2024 in Fort Lauderdale, FL. In the same period over 72 listings were sold below the listed price and 9 listings were sold for the listed price. The number of homes for sale in Fort Lauderdale, FL increased by 13.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $484,475, while the average time on the real estate market was 75 days.

From Rocket Homes Real Estate and based on county public records data.

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