Courtesy of: Joseph Suarez, Trustpoint Realty, LLC., info@trustpointrealty.com
Courtesy of: Joseph Suarez, Trustpoint Realty, LLC., info@trustpointrealty.com
$825,000
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8 bed
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2,334 square feet
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4.00 Bath (4 Full)
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Quadruplex
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$825,000
535 NW 13th Ave 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.
Courtesy of: Joseph Suarez, Trustpoint Realty, LLC., info@trustpointrealty.com
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