535 NW 13th Ave, Fort Lauderdale FL 33311

Located in Fort Lauderdale’s desirable 33311 submarket, 535 NW 13th Ave, Fort Lauderdale FL 33311 is a residential income property offering an excellent multifamily investment opportunity in Broward County. Known as FIRST ADD TO TUSKEGEE PAR, this 1978 property is classified as a Duplex and includes two side-by-side duplex buildings on separate folios, totaling four updated 2-bedroom, 1-bath apartments.
The listed living area is 1,167 square feet. Each unit features updated kitchens and bathrooms, central air conditioning, and heating listed as Other. Six parking spaces add convenience for residents and enhance rental appeal. Three apartments are currently occupied, while one is vacant, creating immediate upside through lease-up and future rent adjustments.
Priced at $825,000, the property is offered at $206,250 per unit. Current NOI is $31,600, reflecting a 3.83 percent cap rate. At projected market rents of approximately $1,800 per unit, annual income could reach $86,400, with estimated NOI of $61,600 and a 7.47 percent cap rate. The architectural style is listed as Other.
Residents enjoy convenient access to major roads, shopping, dining, and employment centers. South Florida’s warm year-round climate, beautiful beaches, vibrant entertainment, and excellent regional infrastructure make Fort Lauderdale a strong location for both tenants and investors, with Miami just a short drive away.
For pricing, financial details, or to schedule a viewing, call or text +1 786.468.4380 by phone or WhatsApp.