535 NW 13th Ave, Fort Lauderdale FL 33311

Description of 535 NW 13th Ave, Fort Lauderdale FL 33311

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.

Property Details for 535 NW 13th Ave, Fort Lauderdale FL 33311

Flooring

Other

Heating

Other

Cooling

Central Air

Architectural Style

Other

Pool Private

No

Year Built Details

Effective Year Built

Building Information for 535 NW 13th Ave, Fort Lauderdale FL 33311

Building Name

FIRST ADD TO TUSKEGEE PAR

Building Area Total

2334

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 535 NW 13th 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 535 NW 13th Ave, Fort Lauderdale FL 33311

Parcel Number

504204060640

Tax Annual Amount

$7,241

Tax Year

2,025

Tax Legal Description

FIRST ADD TO TUSKEGEE PARK 9-65 B LOT 9 BLK 4

Zoning

RS-8

County Or Parish

Broward County

Location