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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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535 NW 13th Ave , Fort Lauderdale, FL 33311
$825,000
Est. Payment: $1,833.33/mo
8 Bed
4 Bath
2334 Sqft
Status: Active | Days on site: 31
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TRSP01 - 3366522,3605601
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House Description

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.

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

1978

County

Broward

Area

3030

Neighborhood

First Add To Tuskegee Par

Listing ID

A12073375

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:4
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:< 1/4 Acre
Garage Capacity:6
Zoning:RS-8
Roof:Other
Sewer:Other
Principal Interest
$1,833
Taxes
$603

Home Price

$825,000

Loan Details

30 yrs
%

Down Payment

20%
$165,000
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Monthly Price:
$1,833.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,833.33 $603.42 $0.00 $2,436.75
Yearly $22,000.00 $7,241.00 $0.00 $29,241.00
Total $660,000.00 $217,230.00 $0.00 $877,230.00

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.