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31874543
31874525

426 Northwest 14th Avenue, Fort Lauderdale, FL 33311

Silverleaf Realty Group
Listed by Silverleaf Realty Group
$1,490,000
53 days on market
Updated 12 days ago

S.A.E.R. MF

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,648
Net Rentable (SqFt) 3,648
Units 8
Cap Rate 6.68%
NOI $150,600
Occupancy 100%
Pro-Forma Cap Rate 6.65%
Pro-Forma NOI $160,389
Price per SqFt $408
Class C
Year Built 1964
Buildings 4
Lot Size (SqFt) 11,865
Zoning RS-8 - RESIDENTIAL SINGLE FAMILY/LOW MEDIUM DENSITY
Parking Spaces spaces
Sale Condition N/A

100% Leased.

Marketing description

The property consists of eight well-appointed one-bedroom, one-bathroom apartments spread across four separate buildings, each individually fenced to provide an added level of privacy and security for residents. Every unit has been fully renovated and features a functional split layout, enhancing both comfort and livability.

Ideally located near Flagler Village and Fort Lauderdale’s vibrant downtown area, the property benefits from proximity to dining, entertainment, and ongoing development activity. Positioned in Northwest Fort Lauderdale, this community offers modern upgrades and a desirable location, making it an attractive option for tenants seeking both convenience and privacy. Seller financing is available to qualified buyers; call the listing agent for details.

****The Property Has been Priced to Sell.******

Investment highlights

  • Ideally located near Flagler Village and Fort Lauderdale’s vibrant downtown area, the property benefits from close proximity to dining, entertainment, and ongoing development activity.

  • Positioned within Northwest Fort Lauderdale, this community offers a blend of modern upgrades and a desirable location, making it an attractive option for tenants seeking both convenience and privacy.

  • The current rental rates are below market levels, presenting a clear value-add opportunity to increase rents and significantly enhance net operating income (NOI).

Listing Contacts

Silverleaf Realty Group
Listed by Silverleaf Realty Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$150,600.00
$12,550.00/mo

Valuation Metrics

0
DSCR
10.11%
Cap Rate
10.11%
ROI

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Additional Information

Name
Mario Francisco Frech P.A
License
3356151
Brokerage
Broker's LLC
Brokerage Phone
7863480096
Brokerage Address
420 Lincoln Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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