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    950 29Th St Fort Lauderdale, FL 33315

    For Sale
    $799,999

    Renovated Duplex near Las Olas, great income!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This beautifully renovated duplex in Fort Lauderdale, Florida, presents a compelling investment opportunity. Located at 950 SW 29th St, 33315, this one-story, 1954-built property offers two units: a 3-bedroom, 3-bathroom unit and a 2-bedroom, 2-bathroom unit, plus a bonus room. The property boasts a substantial backyard, adding to its appeal. Its prime location offers easy access to Las Olas Boulevard, Fort Lauderdale Beach, and Fort Lauderdale-Hollywood International Airport, providing convenient access to shopping, dining, and entertainment. Recent upgrades include hurricane impact windows, a new kitchen, new bathrooms, and new flooring, minimizing maintenance concerns for the new owner. The property is ideally suited for both long-term tenants and short-to-medium-term rentals, maximizing rental income potential. The asking price is $799,999, and seller financing is available, making this an attractive option for investors seeking a strong return on investment in a desirable Fort Lauderdale location. This income-producing property is ready for immediate occupancy and offers a comfortable and convenient living experience in the heart of Broward County.

    Property Features for 950 29Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1954
    Stories
    1

    HighLights

    • $799,999 asking price.
    • Multifamily property, specifically a renovated duplex/triplex/quadplex.
    • 1954 construction, one‑story building.
    • Located in Fort Lauderdale, FL (33315), near Las Olas, the beach, and the airport.
    • Features include hurricane impact windows, new kitchen, new bathrooms, and new floors.
    • Offers three 3‑bedroom/3‑bathroom units and one 2‑bedroom/2‑bathroom unit, plus a bonus room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1542661
    Latitude
    26.0878936

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    FAQs

    What type of property is this?
    Multifamily property - Renovated Duplex near Las Olas, great income!
    Where is this multifamily property located?
    The property is located at 950 29Th St Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $799,999.
    What are key features of this property?
    This property features: $799,999 asking price.; Multifamily property, specifically a renovated duplex/triplex/quadplex.; 1954 construction, one-story building.
    Request Owner's contact information
    950 29Th St Fort Lauderdale, FL 33315
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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
    950 29Th St Fort Lauderdale, FL 33315
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