535 NW 13th Ave,Fort Lauderdale, FL 33311
Fort Lauderdale, FL 33311
Description
533 & 535 NW 13th Avenue is a 4-unit multifamily investment in Fort Lauderdale's 33311 submarket, comprised of two side-by-side duplexes on two separate folios. All four units are updated 2BR/1BA apartments with central A/C, updated kitchens and bathrooms, and the property includes six parking spaces. Three units are currently occupied with one vacancy, offering immediate upside from lease-up plus room to raise existing rents to market. At the $825,000 asking price ($206,250/unit), current NOI is $31,600 for a 3.83% cap rate. Bringing all units to market rent of approximately $1,800/unit would grow annual income to $86,400 and NOI to $61,600, a 7.47% cap rate. Convenient access to major roadways, shopping, dining, and employment adds further appeal for investors and tenants alike.
Details
| MLS # | A12073375 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 28 |
| Listing Provided By | Trustpoint Realty, LLC. | Joseph Suarez |
Features
| SQ Feet | 2,334 |
|---|---|
| Story(s) | 1 |
| Zoning | RS-8 |
Exterior
| Lot Features | Less Than Quarter Acre |
|---|
Taxes
| Tax Annual Amount | 7241 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3030 |
| Subarea | Ft Ldale NE (3240 3270;3350 3380;3440 3450;3700) |
| Community Name | FIRST ADD TO TUSKEGEE PAR |
| Listing VS Median (in FIRST ADD TO TUSKEGEE PAR) | |
Price: $825,000 low | high Med: $390,000 sqft: 2,334 low | high Med: 999 $ / sqft: $353 low | high Med: $398 On site: 28 low | high Med: 21 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3030 |
| Subarea | Ft Ldale NE (3240 3270;3350 3380;3440 3450;3700) |
| Community Name | FIRST ADD TO TUSKEGEE PAR |
| Listing VS Median (in FIRST ADD TO TUSKEGEE PAR) | |
Price: $825,000 low | high Med: $390,000 sqft: 2,334 low | high Med: 999 $ / sqft: $353 low | high Med: $398 On site: 28 low | high Med: 21 | |
