🔥 10% CAP RATE! Turnkey Duplex Just 9 Mins from Las Olas – Instant Cash Flow Opportunity! 🏡💰

Fort Lauderdale, FL, 33311 view full address
For Sale
Listed at: October 14th, 2024
Price
$392,000
ARV
$450,000
Gross Margin
$58,000
Sq. Footage
1223
Type
Multifamily
Parking
Driveway
Year build
1953
Lot size
0.18 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

Living Area: 1,223 sq ft | Lot Size: 5,000 sq ft
Bedrooms: 4 (2 per unit) | Bathrooms: 2 (1 per unit)

This fully remodeled duplex, nestled on a quiet street in the heart of the Lincoln Park neighborhood, offers an exceptional investment opportunity. With one unit (1711) vacant at closing and the other (1709) rented month-to-month for 1,750, this property presents immediate income with the potential to increase rents after the lease expiration.

Key Features:

  • Recent Remodel: Both units updated less than 3 years ago
  • Income Potential: Generate over 4.6K/month, with a projected cap rate around 10%
  • Prime Location: Just 9 minutes from Las Olas, with shopping, dining, schools, and downtown Fort Lauderdale nearby
  • Modern Upgrades: New tile flooring and windows installed within the last 3 years
  • Flexible Leasing: Perfect for investors looking to raise rents or find new tenants quickly

With strong rental demand and significant potential for increased returns, this property is an ideal addition to any investor's portfolio. Don’t miss out on this high-yield, hassle-free investment opportunity!

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Bibiana Pelaez

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