2439 42Nd Ave Davie, FL 33317
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.