Property profile

1949 Riverside Dr Fort Lauderdale, FL 33312

OFF-MARKET
Apartment buildings
Property ID
US19-0536857
Built 1966
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Property summary

AI-generated overview

This exceptional 2-unit apartment building, located at 1949 Riverside Drive in Fort Lauderdale, Florida, presents a fantastic investment opportunity. Built in 1966, this single-story duplex has undergone a complete renovation, resulting in a property that is essentially like new. The renovation included a comprehensive update of all electrical systems, kitchens, bathrooms, and air conditioning. All appliances are brand new, and the property boasts new flooring, plumbing, and landscaping. The roof was replaced in 2017, ensuring long-term peace of mind. Situated in a quiet neighborhood, this property offers convenient access to the beach, being located east of I-95. The property's address is 1949 Riverside Drive, Fort Lauderdale, FL 33312, within Broward County. The asking price for this turnkey investment is $699,999. This meticulously renovated duplex is ready for immediate occupancy and offers strong potential for rental income. The property's location and recent upgrades make it an attractive option for both seasoned investors and those new to the multifamily market. The quiet neighborhood and proximity to the beach add to its desirability. This is a rare opportunity to acquire a fully renovated, move-in ready duplex in a highly sought-after location.

Property profile

Verified
Property type Apartment buildings
Year built 1966
UPID US19-0536857

Cap rate & NOI

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

Location

1949 Riverside Dr Fort Lauderdale, FL 33312
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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