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    1949 Riverside Dr Fort Lauderdale, FL 33312

    Sponsored
    For Sale
    $699,999

    Fully renovated, 2-unit duplex in Fort Lauderdale.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-unit apartment building, located at 1949 Riverside Drive in Fort Lauderdale, Florida, presents a fantastic investment opportunity. Built in 1966, this single-story duplex has undergone a complete renovation, resulting in a property that is essentially like new. The renovation included a comprehensive update of all electrical systems, kitchens, bathrooms, and air conditioning. All appliances are brand new, and the property boasts new flooring, plumbing, and landscaping. The roof was replaced in 2017, ensuring long-term peace of mind. Situated in a quiet neighborhood, this property offers convenient access to the beach, being located east of I-95. The property's address is 1949 Riverside Drive, Fort Lauderdale, FL 33312, within Broward County. The asking price for this turnkey investment is $699,999. This meticulously renovated duplex is ready for immediate occupancy and offers strong potential for rental income. The property's location and recent upgrades make it an attractive option for both seasoned investors and those new to the multifamily market. The quiet neighborhood and proximity to the beach add to its desirability. This is a rare opportunity to acquire a fully renovated, move-in ready duplex in a highly sought-after location.

    Property Features for 1949 Riverside Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1966
    Stories
    1
    Units
    2

    HighLights

    • Completely renovated 2‑unit duplex in Fort Lauderdale, FL.
    • Located at 1949 Riverside Drive, Fort Lauderdale, FL 33312.
    • Built in 1966, single‑story building with new roof (2017).
    • Features updated kitchens, bathrooms, electrical, plumbing, AC, appliances, and flooring.
    • Turnkey investment opportunity, asking price $699,999.
    • Excellent location east of I‑95, close to the beach in a quiet neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.167103
    Latitude
    26.1094301

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    FAQs

    What type of property is this?
    Multifamily property - Fully renovated, 2-unit duplex in Fort Lauderdale.
    Where is this multifamily property located?
    The property is located at 1949 Riverside Dr Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: Completely renovated 2-unit duplex in Fort Lauderdale, FL.; Located at 1949 Riverside Drive, Fort Lauderdale, FL 33312.; Built in 1966, single-story building with new roof (2017).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1949 Riverside Dr Fort Lauderdale, FL 33312
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