429 NW 14th Ave, Fort Lauderdale FL 33311

Description of 429 NW 14th Ave, Fort Lauderdale FL 33311

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.

Property Details for 429 NW 14th Ave, Fort Lauderdale FL 33311

Flooring

Other

Heating

Other

Cooling

Other

Architectural Style

Other

Pool Private

No

Year Built Details

Effective Year Built

Building Information for 429 NW 14th Ave, Fort Lauderdale FL 33311

Building Name

FIRST ADD TO TUSKEGEE PAR

Building Area Total

1134

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 429 NW 14th Ave, Fort Lauderdale FL 33311

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Other

Roof

Other

Sewer

Other

New Construction

No

Public Records for 429 NW 14th Ave, Fort Lauderdale FL 33311

Parcel Number

504204061760

Tax Annual Amount

$7,240

Tax Year

2,025

Tax Legal Description

FIRST ADD TO TUSKEGEE PARK 9-65 B LOT 10 BLK 8

Zoning

RS-8

County Or Parish

Broward County

Location