
415.000 US$
Piso en venta, 429 NW 14th Ave, Fort Lauderdale, Florida 33311, Estados Unidos
- MLS NºA12073351
109 m² (1.170 ft²)
Anunciado por Trustpoint Realty, LLC.
La Apartamento en Venta ubicada en 429 NW 14th Ave, Fort Lauderdale, Florida 33311, Estados Unidos actualmente está en venta
Descripción
429 NW 14th Avenue is a 2-unit duplex in Fort Lauderdale's 33311 submarket, offered at $415,000 ($207,500/unit). Both units are updated 2BR/1BA and currently occupied, generating combined rent of $3,300/month ($39,600 annually). Current operating expenses total $12,240/year, producing a current NOI of $27,360 and a 6.59% cap rate.
The property offers strong upside potential, as current rents of $1,600 and $1,700 sit below market levels of approximately $1,800/unit. Bringing both units to market rent would increase annual gross income to $43,200, raising NOI to $30,960 and the cap rate to 7.46%, with expenses held flat. This combination of stable in-place cash flow and clear rental upside makes 429 NW 14th Avenue an attractive value-add opportunity for investors seeking a manageable two-unit asset in a strong Fort Lauderdale submarket.
Ubicación
429 NW 14th Ave, Fort Lauderdale, Florida 33311, Estados Unidos
Características de la propiedad
Propiedad
- Tamaño de la propiedad:
109 m² (1.170 ft²) - Tipo: Dúplex
Construcción
- Año de construcción: 1962