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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1017 NE 14th Ave , Fort Lauderdale, FL 33304
$1,550,000
Est. Payment: $3,444.44/mo
0 Bed
0 Bath
6740 Sqft
Status: Active | Days on site: 10
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GRRA01 - 3259935
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House Description

EXCEPTIONAL TURNKEY MULTIFAMILY INVESTMENT OPPORTUNITY IN THE HEART OF FORT LAUDERDALE! This fully renovated and fully furnished 5-unit property offers immediate income from day one and is currently generating an approximate 7% annual return based on current operations. The unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio. Four units are currently operated as short-term rentals, while one 1-bedroom unit is leased long-term at $1,800/month, providing a diversified rental strategy. All five units were renovated within the past three years and are offered fully furnished and equipped, making this a true turnkey investment. The property also features 5 parking spaces, a common laundry area, outdoor patio and BBQ area, tropical landscaping, smart locks, and CCTV surveillance. Ideally located approximately 3.5 miles from Fort Lauderdale Beach and just 2.3 miles from I-95, with convenient access to Downtown Fort Lauderdale, Las Olas, shopping, dining, entertainment, and major transportation routes. Additional upside potential exists through optimized short-term rental management and further enhancement of the outdoor amenities, including the potential addition of a swimming pool. A rare opportunity to acquire a renovated, furnished, income-producing multifamily property in one of South Florida's most desirable and active rental markets. Please contact the listing agent to schedule a private showing. Minimum 24-hour advance notice required.

Highlights

Listed by Karina Hazan , 305-299-1761 Grand Realty of America, Corp. , 305-931-7878.

Property Type

Commercial Sale

Lot/Acreage
0.15

Year Built

1958

County

Broward

Area

3380

Listing ID

A12081704

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Wall/Window Unit(s)
Fireplaces:
Floor:Vinyl
Water:Public

Exterior Features

Garage Capacity:5
Zoning:RMM-25
Roof:Composition
Others:
  • Additional:Storm/Security Shutters
Sewer:Public Sewer
Parking Features:Assigned,On Street
Principal Interest
$3,444
Taxes
$1,595

Home Price

$1,550,000

Loan Details

30 yrs
%

Down Payment

20%
$310,000
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Monthly Price:
$3,444.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,444.44 $1,594.58 $0.00 $5,039.03
Yearly $41,333.33 $19,135.00 $0.00 $60,468.33
Total $1,240,000.00 $574,050.00 $0.00 $1,814,050.00

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.