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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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429 NW 14th Ave , Fort Lauderdale, FL 33311
$415,000
Est. Payment: $922.22/mo
4 Bed
2 Bath
1170 Sqft
Status: Active | Days on site: 30
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TRSP01 - 3366522,3605601
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House Description

429 NW 14th Avenue is a 2-unit duplex in Fort Lauderdale's 33311 submarket, offered at $415,000 ($207,500/unit). Both units are updated 2BR/1BA and currently occupied, generating combined rent of $3,300/month ($39,600 annually). Current operating expenses total $12,240/year, producing a current NOI of $27,360 and a 6.59% cap rate. The property offers strong upside potential, as current rents of $1,600 and $1,700 sit below market levels of approximately $1,800/unit. Bringing both units to market rent would increase annual gross income to $43,200, raising NOI to $30,960 and the cap rate to 7.46%, with expenses held flat. This combination of stable in-place cash flow and clear rental upside makes 429 NW 14th Avenue an attractive value-add opportunity for investors seeking a manageable two-unit asset in a strong Fort Lauderdale submarket.

Highlights

Listed by Joseph Suarez , 305-200-0348 and Nicholas Arias , 786-227-7287 Trustpoint Realty, LLC. , 305-200-0348.

Property Type

Multi-Family

Year Built

1962

County

Broward

Area

3090

Neighborhood

First Add To Tuskegee Par

Listing ID

A12073351

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:

Exterior Features

Lot:< 1/4 Acre
Garage Capacity:3
Zoning:RS-8
Roof:Other
Sewer:Other
Principal Interest
$922
Taxes
$603

Home Price

$415,000

Loan Details

30 yrs
%

Down Payment

20%
$83,000
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Monthly Price:
$922.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $922.22 $603.33 $0.00 $1,525.56
Yearly $11,066.67 $7,240.00 $0.00 $18,306.67
Total $332,000.00 $217,200.00 $0.00 $549,200.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.