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About This Property
429 NW 14th Avenue is a 2-unit duplex in Fort Lauderdale's 33311 submarket, offered at $415,000 ($207,500/unit). Both units are updated 2BR/1BA and currently occupied, generating combined rent of $3,300/month ($39,600 annually). Current operating expenses total $12,240/year, producing a current NOI of $27,360 and a 6.59% cap rate. The property offers strong upside potential, as current rents of $1,600 and $1,700 sit below market levels of approximately $1,800/unit. Bringing both units to market rent would increase annual gross income to $43,200, raising NOI to $30,960 and the cap rate to 7.46%, with expenses held flat. This combination of stable in-place cash flow and clear rental upside makes 429 NW 14th Avenue an attractive value-add opportunity for investors seeking a manageable two-unit asset in a strong Fort Lauderdale submarket.
Property Features
County
Broward County
Section
4
Area
1134
Subdivision
FIRST ADD TO TUSKEGEE PAR
Interior
Cooling
Other
Bedrooms
Floors
Other
Full Baths
Appliances
Heating
Other
Style
Other
Garage Spaces
Construction/Exterior
Other
Patio / Deck Description
Exterior
Has a Pool
Possession
Negotiable
Lot Size in Acres
Water
Sewer
Other
Lot Size in Sq. Ft.
0
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Other
Senior Community
No
Other Utilities
Property Type
Residential Income
Pets
Property SubType 2
Duplex
Tax Year
2025
Year Built
1962
Tax Amount
$7240
APN
NA
Square Feet Source
NA
Map
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