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    OFF-MARKET
    Small apartment buildings

    1042 8Th Ave, Fort Lauderdale, FL 33311

    2,662 SF Built 1981
    Property ID
    US18-0879306
    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 Small 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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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