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    2439 42Nd Ave Davie, FL 33317

    For Sale
    $549,900

    Three-unit apartment building, great potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a three-unit apartment building ideally situated in Davie, Florida, at 2439 SW 42nd Ave, zip code 33317. Built in 1979, this single-story property offers a blend of convenience and income potential. The building comprises three units: two two-bedroom, one-bathroom apartments and one studio apartment. Both two-bedroom units are equipped with central air conditioning. The property boasts a desirable location, providing easy access to major roadways including 441, I-595, the Turnpike, I-95, and I-75, ensuring convenient commutes for tenants. The property also includes a pleasant yard space. Currently, the rental income is below market value due to long-term tenants, presenting a significant opportunity for increased profitability upon lease renewals or vacancy. The property is being sold "as-is," and prospective buyers should be aware that a minimum of 24 to 48 hours' notice may be required for showings to avoid disturbing the current tenants. This is a fantastic chance to acquire a multifamily property in a prime location with considerable upside potential. Serious inquiries only.

    Property Features for 2439 42Nd Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1979
    Stories
    1
    Units
    3

    HighLights

    • $549,900 asking price for this multifamily investment opportunity.
    • Three‑unit apartment building in Fort Lauderdale, FL.
    • Property consists of two 2‑bedroom/1‑bathroom units and one studio unit.
    • Built in 1979, single‑story building.
    • Located near major highways (I‑595, Turnpike, I‑95, I‑75) for convenient access.
    • Significant rental income potential due to below‑market rents.
    Property Profile 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 Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2058454
    Latitude
    26.0902133

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit apartment building, great potential.
    Where is this multifamily property located?
    The property is located at 2439 42Nd Ave Davie, FL.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: $549,900 asking price for this multifamily investment opportunity.; Three-unit apartment building in Fort Lauderdale, FL.; Property consists of two 2-bedroom/1-bathroom units and one studio unit.
    Request Owner's contact information
    2439 42Nd Ave Davie, FL 33317
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    Davie, FL 33317
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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
    2439 42Nd Ave Davie, FL 33317
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