Related ISG Realty, LLC.
Listed by Related ISG Realty, LLC.
$490,000
Fort Lauderdale Duplex Investment – $630K | 4.5% NOI
Details
APN 494234016370
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 1,523
Net Rentable (SqFt) 1,550
Units 2
Cap Rate 4.50%
NOI $28,155
Occupancy 100%
Pro-Forma Cap Rate 10.18%
Pro-Forma NOI $49,900
Price per SqFt $322
Broker Co-Op Yes
Class B
Year Built 1963
Year Renovated 3
Buildings 1
Stories 1
Lot Size (SqFt) 6,752
Zoning RDS-15
Parking Spaces 3 spaces
Parking Per SqFt 1.97
Investment Type Stabilized
Occupancy Date 06/10/2022
Ground Lease No
Sale Condition For sale by owner
Stabilized duplex generating $4,150/month in rental income with long-term tenants in place. Turnkey
Marketing description
4.88% ROI! Incredible investment opportunity just steps from Wilton Manors—one of South Florida’s most desirable and rapidly growing rental markets. This fully rented duplex produces $3,600/month with an estimated 4.88% cap rate, offering immediate cash flow with long-term upside. Each unit has its own washer/dryer, water heater, private electric meter, and spacious backyard—ideal for tenants seeking comfort and privacy. Recent updates include PVC plumbing (no cast iron), no cloth wiring, and newer appliances. Located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants in place with active leases. Whether you're looking for a strong ROI, a 1031 exchange, or a turnkey asset in a prime location.
Listing Contacts
Related ISG Realty, LLC.
Listed by Related ISG Realty, LLC.
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$28,155.00
$2,346.25/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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