Property profile

1042 8Th Ave Fort Lauderdale, FL 33311

OFF-MARKET
Apartment buildings
Property ID
US18-0879306
2,662 SF Built 1981
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Property summary

AI-generated overview

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 profile

Verified
Property type Apartment buildings
Year built 1981
Total area 2,662 SF
UPID US18-0879306

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1042 8Th Ave Fort Lauderdale, FL 33311
Fort Lauderdale metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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