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    716 14Th Way Fort Lauderdale, FL 33311

    Sponsored
    For Sale
    $435,000

    Updated Duplex, Immediate Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a recently updated duplex located at 716 NW 14th Way, Fort Lauderdale, Florida 33311, in Broward County. Built in 1963, this single-story multifamily property is offered at $435,000. The property consists of two units, each boasting two bedrooms and one bathroom. Recent updates throughout include modern fixtures, flooring, and appliances, minimizing maintenance needs for the owner. A significant advantage is that both units are currently fully rented, generating immediate and consistent rental income from the moment of purchase. This translates to a low-maintenance, high-return investment ideal for portfolio expansion or those seeking a multi-family property with built-in rental revenue. The property's location in Fort Lauderdale offers convenient access to local amenities and transportation. This turnkey investment opportunity is ready for a new owner to enjoy the benefits of passive income and a well-maintained property. The property's single-story design further contributes to its ease of management and potential for long-term profitability. Don't miss this chance to acquire a solid, income-producing asset in a desirable Florida location.

    Property Features for 716 14Th Way

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1963
    Stories
    1

    HighLights

    • Recently updated duplex in Fort Lauderdale, FL.
    • Offered at $435,000.
    • Two units, each with two bedrooms and one bathroom.
    • Fully rented, generating immediate rental income.
    • Located in Fort Lauderdale with convenient access to amenities and transportation.
    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
    -80.1612387
    Latitude
    26.1317996

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    FAQs

    What type of property is this?
    Multifamily property - Updated Duplex, Immediate Income
    Where is this multifamily property located?
    The property is located at 716 14Th Way Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: Recently updated duplex in Fort Lauderdale, FL.; Offered at $435,000.; Two units, each with two bedrooms and one bathroom.
    Request Owner's contact information
    716 14Th Way Fort Lauderdale, FL 33311
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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
    716 14Th Way Fort Lauderdale, FL 33311
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