535 Nw 13th Ave, Fort Lauderdale, FL 33311
- $825,000
- 2,334
- SqFt
- List Price
- $825,000
- MLS
- A12073375
- Complex Name
- First Add To Tuskegee Par
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 2,334
Property 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.
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Additional Information
- Days on Market
- 1
- Style
- Quadruplex, Fourplex
- #Parking Spaces
- 6
- Year Built
- 1978
- Development Name
- First Add To Tuskegee Par
- #Stories
- 1
- Construction Type
- Other
- Section
- 4
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Listing Courtesy of Trustpoint Realty, LLC., Contact: