529 NW 88th St El Portal, FL 33150
SOLD FOR
$2,250,000
$2,800,000
(14.3%)
Overview
- Status: Closed
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 6,667 ft2/619.38 m2
- Price Per: $359.98 ft2/$3,874.82 m2
- Type: Commercial/Investment
- Built: 1940
- HOA: No info
- MLS Number: A11611001
- View No info
- On Site: 234 days
- Updated: Listing Refreshed: 59 Days Ago
Cash-Flowing Value-Add Opportunity: Over 90% occupied with room to increase rents. Nearly Turn-Key with Renovated Interiors: Quaint, convenient, and well-maintained for a hassle-free investment. Expansion Potential: A perfect example of what can be achieved on the adjacent parcel just steps to the west. Traditional Tenant Mix: Annual and month-to-month, ensuring consistent cash flow. Short term rental model could increase cash-flow potential even further. Private, Gated Community: Features private gated access & central courtyard for tenants to BBQ and enjoy the landscaped grounds.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 12/12/2024 | Sold | $2,250,000.00 | 6.3% | $337.48 ft2/$3,632.64 m2 |
| 08/27/2024 | Price Reduced | $2,400,000.00 | 4.0% | $359.98 ft2/$3,874.82 m2 |
| 07/15/2024 | Price Reduced | $2,500,000.00 | 10.7% | $374.98 ft2/$4,036.27 m2 |
| 06/21/2024 | Listed | $2,800,000.00 | $419.98 ft2/$4,520.62 m2 |
Contact Information
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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