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    1042 8Th Ave Fort Lauderdale, FL 33311

    Sponsored
    For Sale
    $650,000

    Turnkey Duplex, High Cash Flow Potential

    Property size:
    2,662 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This attractive Fort Lauderdale duplex presents a compelling investment opportunity. Located at 1042 NW 8th Ave, in Broward County, Florida, 33311, this single-story, 2,662 square foot property boasts two units, each featuring three bedrooms and two bathrooms. Built in 1981, the property has undergone significant updates, including a new roof (2018) and newer air conditioning units (2019 & 2024). Modern amenities such as USB-C outlets in every room enhance the appeal. Both units have updated kitchens and bathrooms, with unit one showcasing stylish barn doors in the bedrooms. The property's strong financial potential is further amplified by separate water and electricity meters for each unit, ensuring tenants cover their own utilities and minimizing owner expenses. This low-maintenance investment is ideal for first-time investors or those seeking to expand their portfolio. The asking price is $650,000. This turnkey property offers immediate income generation and significant long-term growth potential. The property's location in Fort Lauderdale provides easy access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, high-cash-flow generating duplex in a desirable location.

    Property Features for 1042 8Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,662 SF

    Building Details

    Year Built
    1981
    Stories
    1
    Units
    2

    HighLights

    • $650,000 asking price.
    • Fort Lauderdale, FL multifamily investment property.
    • Two‑unit apartment building (duplex).
    • 2,662 square feet.
    • Built in 1981, one story.
    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 Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1525615
    Latitude
    26.1381599

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey Duplex, High Cash Flow Potential
    Where is this multifamily property located?
    The property is located at 1042 8Th Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price.; Fort Lauderdale, FL multifamily investment property.; Two-unit apartment building (duplex).
    Request Owner's contact information
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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
    1042 8Th Ave Fort Lauderdale, FL 33311
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