luxury

$1,490,000

1017 NE 14th Avenue, Fort Lauderdale, FL 33304

Fort Lauderdale, FL, 33304

— bd · — ba · 6,740 sqft

Listed by Grand Realty of America, Corp.

Estimated monthly payment

$11,263/mo

Know your costs before you buy

Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.

Estimated monthly payment $11,263/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.

About this home

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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.

Your costs (est.)

≈ $11,263/mo

1017 NE 14th Avenue, Fort Lauderdale, FL 33304 · Fort Lauderdale

Location

1017 NE 14th Avenue, Fort Lauderdale, FL 33304

Simon Gedz, South Florida luxury real estate specialist

Simon Gedz

Realtor® since 1995