535 NW 13th Ave, Fort Lauderdale, FL 33311

Listing Remarks — 535 NW 13th Ave, Fort Lauderdale, FL 33311

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.

Inside the Residence: 535 NW 13th Ave, Fort Lauderdale, FL 33311

Flooring

Other

Heating

Other

Cooling

Central Air

Architectural Style

Other

Pool Private

No

Year Built Details

Effective Year Built

Building & Association Facts — 535 NW 13th Ave, Fort Lauderdale, FL 33311

Building Name

FIRST ADD TO TUSKEGEE PAR

Building Area Total

2334

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Site, Views & Construction — 535 NW 13th 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 — 535 NW 13th Ave, Fort Lauderdale, FL 33311

Parcel Number

504204060640

Tax Annual Amount

$7,241

Tax Year

2,025

Tax Legal Description

FIRST ADD TO TUSKEGEE PARK 9-65 B LOT 9 BLK 4

Zoning

RS-8

County Or Parish

Broward County

On the Map