429 NW 14th Ave, Fort Lauderdale, FL 33311

About This Home

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.

Property Details

Flooring: Other
Heating: Other
Cooling: Other
Architectural Style: Other

Building & Association

Building Name: FIRST ADD TO TUSKEGEE PAR
Stories: 1
Stories Total: 1
Association: No

Lot & Construction

Lot Features: Less Than 1/4 Acre Lot
Lot Size Square Feet: 0
Waterfront: No
View: No
Construction Materials: Other
Roof: Other
New Construction: No

Public Records

Parcel Number: 504204061760
Tax Annual Amount: $7,240
Tax Year: 2,025
Zoning: RS-8
County Or Parish: Broward County