1017 NE 14th Ave
$1,550,000
1017 NE 14th Ave, Fort Lauderdale, FL 33304
6,740 sqft
Building Size
5
Units
Details:
Highlights:
- Lot Features: City Location, Near Airport, In Residential Area
- Building Features: Barbeque, Laundry Facilities
- Number Of Buildings: 1
- Documents Available: Books & Records, Bylaws And Documents, Copy Of Lease(S)
- Cooling: Wall/Window Unit(s)
- Heating: Wall/Window Units
- Electric: 101-200 Amps
- Flooring: Other, Vinyl
- Construction Materials: Concrete Block Construction, Stucco, Insulated, Sheet Rock
- Parking Features: Assigned, On Street
- Security Features: Smoke Detector(s)
- Ownership: Limited Partnership
Description:
EXCEPTIONAL TURNKEY MULTIFAMILY INVESTMENT OPPORTUNITY IN THE HEART OF FORT LAUDERDALE! This fully renovated and fully furnished 5-unit property offers immediate income from day one and is currently generating an approximate 7% annual return based on current operations. The unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio. Four units are currently operated as short-term rentals, while one 1-bedroom unit is leased long-term at $1,800/month, providing a diversified rental strategy. All five units were renovated within the past three years and are offered fully furnished and equipped, making this a true turnkey investment. The property also features 5 parking spaces, a common laundry area, outdoor patio and BBQ area, tropical landscaping, smart locks, and CCTV surveillance.
Ideally located approximately 3.5 miles from Fort Lauderdale Beach and just 2.3 miles from I-95, with convenient access to Downtown Fort Lauderdale, Las Olas, shopping, dining, entertainment, and major transportation routes. Additional upside potential exists through optimized short-term rental management and further enhancement of the outdoor amenities, including the potential addition of a swimming pool.
A rare opportunity to acquire a renovated, furnished, income-producing multifamily property in one of South Florida's most desirable and active rental markets. Please contact the listing agent to schedule a private showing. Minimum 24-hour advance notice required.
Location
Gallery
