First Add To Tuskegee Par
$415,000
429 NW 14th Ave, Fort Lauderdale, FL 33311
1,134 sqft
Building Size
2
Units
Details:
Highlights:
- Lot Features: Less Than 1/4 Acre Lot
- Documents Available: Copy Of Lease(S), Rent Rolls
- Architectural Style: Other
- Cooling: Other
- Heating: Other
- Flooring: Other
- Construction Materials: Other
Description:
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.
Location
Gallery
