429 NW 14th Ave, Fort Lauderdale, FL 33311

Listing Remarks — 429 NW 14th Ave, Fort Lauderdale, FL 33311

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.

Inside the Residence: 429 NW 14th Ave, Fort Lauderdale, FL 33311

Flooring

Other

Heating

Other

Cooling

Other

Architectural Style

Other

Pool Private

No

Year Built Details

Effective Year Built

Building & Association Facts — 429 NW 14th Ave, Fort Lauderdale, FL 33311

Building Name

FIRST ADD TO TUSKEGEE PAR

Building Area Total

1134

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Site, Views & Construction — 429 NW 14th Ave, Fort Lauderdale, FL 33311

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Other

Roof

Other

Sewer

Other

New Construction

No

Tax & Parcel Record — 429 NW 14th Ave, Fort Lauderdale, FL 33311

Parcel Number

504204061760

Tax Annual Amount

$7,240

Tax Year

2,025

Tax Legal Description

FIRST ADD TO TUSKEGEE PARK 9-65 B LOT 10 BLK 8

Zoning

RS-8

County Or Parish

Broward County

On the Map