Property Description

EXCEPTIONAL TURNKEY MULTIFAMILY INVESTMENT OPPORTUNITY IN THE HEART OF FORT LAUDERDALE! This fully renovated and fully furnished 5-unit property offers immediate income from day one and is currently generating an approximate 7% annual return based on current operations. The unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio. Four units are currently operated as short-term rentals, while one 1-bedroom unit is leased long-term at $1,800/month, providing a diversified rental strategy. All five units were renovated within the past three years and are offered fully furnished and equipped, making this a true turnkey investment. The property also features 5 parking spaces, a common laundry area, outdoor patio and BBQ area, tropical landscaping, smart locks, and CCTV surveillance. Ideally located approximately 3.5 miles from Fort Lauderdale Beach and just 2.3 miles from I-95, with convenient access to Downtown Fort Lauderdale, Las Olas, shopping, dining, entertainment, and major transportation routes. Additional upside potential exists through optimized short-term rental management and further enhancement of the outdoor amenities, including the potential addition of a swimming pool. A rare opportunity to acquire a renovated, furnished, income-producing multifamily property in one of South Florida’s most desirable and active rental markets. Please contact the listing agent to schedule a private showing. Minimum 24-hour advance notice required.

Features
Swimming Pool
Heating System
Cooling System
Architectural Style
Roof
Sewer
Address Map
State:
FL
County:
Broward
City:
Fort Lauderdale
Zipcode:
33304
Street:
1017 Ne 14th Ave, Fort Lauderdale, Florida 33304
Longitude:
W81° 52' 12.1''
Latitude:
N26° 8' 16.6''
MLS Addon
Construction Materials
Cumulative DOM:
182
Exterior Features
Flooring
Internet Address Display:
1
Internet Listing Display:
1
Lot Features
Parcel Number:
494234046340
Subdivision Name:
PROGRESSO
Tax Annual Amount:
$19,135
Utilities

Residential Income For Sale

1017 Ne 14th Ave, Fort Lauderdale, Florida 33304, Fort Lauderdale, Florida 33304

$1,550,000
MLS # #A12110633
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$1,550,000
Year Built :
1958
MLS # :
A12110633
Agent info
Contact Agent