About 535 Nw 13th Avenue
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.
Features of 535 Nw 13th Avenue
| MLS® # | A12073375 |
|---|---|
| Price | $825,000 |
| Square Footage | 2,334 |
| Year Built | 1978 |
| Type | Multi-Family |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 535 Nw 13th Avenue |
|---|---|
| Area | 3460 |
| Subdivision | FIRST ADD TO TUSKEGEE PAR |
| City | Fort Lauderdale |
| County | Broward |
| State | FL |
| Zip Code | 33311 |
| HOPA | No Hopa |
Amenities
| Utilities | Cable Not Available, Sewer Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Other, Separate Meters |
|---|---|
| Cooling | Central Air |
| # of Stories | 1 |
Exterior
| Roof | Other |
|---|---|
| Construction | Other |
School Information
| Elementary | Walker |
|---|---|
| Middle | Sunrise |
| High | Fort Lauderdale |
Additional Information
| Zoning | RS-8 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Trustpoint Realty, LLC. |
|---|