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MULTIFAMILY INVESTMENT OPPORTUNITY! Property is currently being used as a triplex and offers flexibility for an investor, owner-occupant, or extended family. The 3-bedroom, 2-bath main home features one renovated bathroom, a roof replaced in 2013, a brand-new wall AC unit, and a separate electric meter. There is a known leak in the primary bathroom. Unit 2 offers 1 bedroom and 1 bathroom, requires renovation, and has a new water heater, providing an opportunity to customize and add value. The detached garage has been converted into additional living space and is currently occupied, providing additional rental income potential. With renovations and improvements, this property offers potential to increase functionality, value, and rental income. Buyer to verify zoning, permits, legal use, square footage, room count, utility configuration, and all property information with the appropriate authorities.

A12089677 MLS ⋅ 33311 Zip Code ⋅ First Add To Tuskegee Par BLDG.

MULTIFAMILY INVESTMENT OPPORTUNITY! Property is currently being used as a triplex and offers flexibility for an investor, owner-occupant, or extended family. The 3-bedroom, 2-bath main home features one renovated bathroom, a roof replaced in 2013, a brand-new wall AC unit, and a separate electric meter. There is a known leak in the primary bathroom. Unit 2 offers 1 bedroom and 1 bathroom, requires renovation, and has a new water heater, providing an opportunity to customize and add value. The detached garage has been converted into additional living space and is currently occupied, providing additional rental income potential. With renovations and improvements, this property offers potential to increase functionality, value, and rental income. Buyer to verify zoning, permits, legal use, square footage, room count, utility configuration, and all property information with the appropriate authorities.

413 Nw 14th Ter, Fort Lauderdale

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.

A12073351 MLS ⋅ 33311 Zip Code ⋅ First Add To Tuskegee Par BLDG.

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.

429 Nw 14th Ave, Fort Lauderdale