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    FOR SALE
    Small apartment buildings

    532 NW 19Th Ave, Fort Lauderdale, FL 33311

    Built 1952
    Property ID
    US18-5320906
    532 NW 19Th Ave, Fort Lauderdale, FL 33311 For Sale 1 / 35
    $540,000
    532 NW 19Th Ave, Fort Lauderdale, FL 33311
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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a charming duplex located in Fort Lauderdale's burgeoning Sistrunk revitalization area. Built in 1952, this single-story property features two spacious 2-bedroom, 1-bathroom units, each equipped with separate electric meters for efficient utility management. Recent upgrades significantly enhance the property's value and appeal, including a newer roof (installed in 2017), updated kitchen cabinets, and a fresh coat of paint both inside and out. Durable impact windows and doors provide both security and energy efficiency. The property also boasts four mini-split AC units and vinyl flooring throughout, ensuring comfort and low-maintenance living for tenants. The electrical panels have been recently replaced, adding to the overall reliability and safety of the building. This duplex offers a strong potential for long-term growth and profitability, with a projected 8% capitalization rate. The property is currently occupied, and tenant occupancy should not be disturbed. Detailed information regarding the Sistrunk revitalization project is available in supplemental materials. Priced at $649,000, this is a compelling investment opportunity in a rapidly developing area.

    Property profile
    Verified
    Property type Small apartment buildings
    Year built 1952
    UPID US18-5320906
    Cap rate & NOI
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    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
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