535 NW 13th Avenue, Fort Lauderdale, FL 33311

Listing Snapshot

About This Home

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.

General Features

Property Type

ResidentialIncome

Sub-type

Quadruplex

Stories

1

Parking Spaces

6

Zoning

RS-8

Utilities

CableNotAvailable,SewerAvailable

Subdivision

FIRST ADD TO TUSKEGEE PAR

Interior Features

Flooring

Other

Heating

Other,SeparateMeters

Cooling

CentralAir

Exterior Features

Construction

Other

Roof

Other

Pool

No

Waterfront

No

Community Features

MLS Area

3460

Schools

Map