About This Property

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.

Key Features

• Built in 1978

Property Details

• Type: Single Family Home
• Year Built: 1978
• Sq Ft: 2,334
• Price / Sq Ft: $353
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: Built in 1978
• Status: Active
• MLS Number: 1182482907
• Days on Market: 49
• Listed By: Trustpoint Realty, LLC. · Joseph Ricardo Suarez
• Zip Code: 33311