429 NW 14th Ave, Fort Lauderdale FL 33311

Discover a compelling investment opportunity in Fort Lauderdale’s 33311 submarket. Located in Broward County within FIRST ADD TO TUSKEGEE PAR, this 1962 duplex offers two updated 2-bedroom, 1-bath units with approximately 1,170 square feet of living area. The property is classified as Residential Income and features an Other architectural style, with cooling and heating listed as Other.
Both units are currently occupied, producing a combined monthly rent of 3,300 dollars, or 39,600 dollars annually. With operating expenses of 12,240 dollars per year, the current net operating income is 27,360 dollars, reflecting a 6.59 percent cap rate. Priced at 415,000 dollars, or 207,500 dollars per unit, 429 NW 14th Ave, Fort Lauderdale FL 33311 offers a manageable entry point for investors.
There is also clear rental upside. Current rents of 1,600 and 1,700 dollars are below the estimated market level of approximately 1,800 dollars per unit. At market rents, annual gross income could reach 43,200 dollars, increasing projected NOI to 30,960 dollars and the cap rate to 7.46 percent, assuming expenses remain unchanged.
Enjoy the South Florida lifestyle with warm year-round weather, beautiful beaches, boating, dining, nightlife, and convenient access to Miami’s international airport, entertainment, and major transportation routes.
Call or WhatsApp +1 786.468.4380 today for more information or to schedule a showing.