535 NW 13th Ave, 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.

This quadruplex home located at 535 NW 13th Ave, Fort Lauderdale FL 33311 is currently for sale and it is a new listing on Brickellsold listed today. This property is listed at $825K. It has N/A beds, N/A bathrooms, and is 2334 square feet. It was built in 1978. 535 NW 13th Ave, Fort Lauderdale FL 33311 is in Fort Lauderdale county Broward County.