1017 NE 14th Ave, Fort Lauderdale, FL 33304

Description of 1017 NE 14th Ave, Fort Lauderdale, FL 33304

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.

Property Details for 1017 NE 14th Ave, Fort Lauderdale, FL 33304

Flooring

Other, Vinyl

Heating

Wall/Window Units

Cooling

Wall/Window Unit(s)

Parking Features

Assigned, On Street

Pool Private

No

Year Built Details

Resale

Building Information for 1017 NE 14th Ave, Fort Lauderdale, FL 33304

Building Area Total

6740

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Security Features

Smoke Detector(s)

Property Information for 1017 NE 14th Ave, Fort Lauderdale, FL 33304

Lot Features

City Location, Near Airport, In Residential Area

Lot Size Square Feet

6,740

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, Stucco, Insulated, Sheet Rock

Roof

Composition Roll

Sewer

Public Sanitation

Water Source

Public

New Construction

No

Public Records for 1017 NE 14th Ave, Fort Lauderdale, FL 33304

Parcel Number

494234046340

Tax Annual Amount

$19,135

Tax Year

2,025

Tax Legal Description

PROGRESSO 2-18 D LOT 15,16 BLK 173

Zoning

RMM-25

County Or Parish

Broward County

Location