1430 27Th Ave, Fort Lauderdale, FL 33311
This 1978-built, single-story duplex in Fort Lauderdale's desirable Washington Park neighborhood presents a compelling investment opportunity. Completely remodeled in 2020 with permits, this property boasts brand new underground pipes, electrical system (including panels), walls, floors, impact windows and doors, and A/C system. Currently configured as a two-unit building, with one 3-bedroom, 1.5-bathroom unit and a 2-bedroom, 1-bathroom unit, it offers significant upside potential. The property features two separate electrical meters and one water meter. Tenants are currently in place on month-to-month leases, and market rents are considerably higher than current rental income. The layout allows for easy conversion into a triplex, further increasing the property's value and income stream. Located in a rapidly developing area, this property offers a strong return on investment and the potential for substantial future appreciation. Serious inquiries only, proof of funds or debt-to-income ratio required for showings. Do not disturb tenants. Asking price: $545,000. Address: 1430 NW 27th Ave, Fort Lauderdale, FL 33311.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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