429 NW 14th Ave Fort Lauderdale, FL 33311
1,170 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,170 sqft
Price per Sqft $354
Subdivision First Add To Tuskegee Par
MLS Listing ID A12073351
HOA Y/N No
Year Built 1962
Annual Tax Amount $7,240
Tax Year 2025
Property Sub-Type Duplex
Property Description
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
State FL
County Broward
Community First Add To Tuskegee Par
Area 3090
Zoning RS-8
Interior
Heating Other
Cooling Other
Flooring Other
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Other
Total Parking Spaces 3
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Other
Level or Stories One
Structure Type Other
Others
Tax ID 504204061760
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12073351
