535 NW 13th Ave, Fort Lauderdale, FL 33311

About This Home

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.

Property Details

Flooring: Other
Heating: Other
Cooling: Central Air
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: 504204060640
Tax Annual Amount: $7,241
Tax Year: 2,025
Zoning: RS-8
County Or Parish: Broward County