1017 NE 14th Ave, Fort Lauderdale, FL 33304
sale
$1,490,000
|
Other
Courtesy Of Grand Realty of America
EXCEPTIONAL TURNKEY MULTIFAMILY INVESTMENT OPPORTUNITY IN THE HEART OF FORT LAUDERDALE! This fully renovated and fully furnished 5-unit property offers immediate income from day one and is currently generating an approximate 7% annual return based on current operations. The unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio. Four units are currently operated as short-term rentals, while one 1-bedroom unit is leased long-term at $1,800/month, providing a diversified rental strategy. All five units were renovated within the past three years and are offered fully furnished and equipped, making this a true turnkey investment. The property also features 5 parking spaces, a common laundry area, outdoor patio and BBQ area, tropical landscaping, smart locks, and CCTV surveillance. Ideally located approximately 3.5 miles from Fort Lauderdale Beach and just 2.3 miles from I-95, with convenient access to Downtown Fort Lauderdale, Las Olas, shopping, dining, entertainment, and major transportation routes. Additional upside potential exists through optimized short-term rental management and further enhancement of the outdoor amenities, including the potential addition of a swimming pool. A rare opportunity to acquire a renovated, furnished, income-producing multifamily property in one of South Florida's most desirable and active rental markets. Please contact the listing agent to schedule a private showing. Minimum 24-hour advance notice required.
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Property Features
- Age: Over 50 Years Old
- Amenities: Security System
- Building Units: 5
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Block
- Exterior Type: Stucco
- Floor Covering: Vinyl
- Floors: 1
- Heating System: Wall Furnace
- Legal Description: PROGRESSO 2-18 D LOT 15,16 BLK 173
- MLSID: A12081704
- Parking Spaces: 5
- Roof Type: Composition
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