2000 17Th Ct Fort Lauderdale, FL 33305
This exceptional two-unit apartment building, located at 2000 NE 17th Ct in Fort Lauderdale, Florida, presents a compelling investment opportunity. Built in 1953, this single-story duplex boasts a prime corner lot in the desirable Lauder-Gate neighborhood, just steps from the vibrant US1 area. The property features two fully updated 2-bedroom, 2-bathroom units, each with tile flooring throughout. Both units include newer appliances and updated bathrooms with tubs. Significant improvements have been made, including new AC units (2021) with a 10-year warranty, brand new electrical panels, and all new air ducts. Additionally, the property benefits from a brand new sprinkler system and hot water heaters installed in 2022. Accordion shutters provide added protection. Currently, the property has long-term tenants, with one lease expiring October 1st. One tenant is interested in renewing at a market rate, while the other is vacating. The property is zoned RMM25, making it ideally suited for various uses, including short-term rentals such as Airbnb. Its proximity to restaurants, shopping, and major highways adds to its appeal. A detailed Airbnb proforma is available upon request. This is a must-see property for discerning investors seeking a strong return on investment in a highly sought-after location. 24-hour notice is required for showings. Asking price: $798,000.
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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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.