429 14th Ave ,Other, Duplex, First Add To Tuskegee Par for Sale

429 14th Ave for Sale

Price $415,000.00

• Lot size 1170
• Year Build 1962
• Waterfront
• Zip 33311
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

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.

FIRST ADD TO TUSKEGEE PARK 9-65 B LOT 10 BLK 8

Less Than 1/4 Acre Lot

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.

City:Fort Lauderdale,Zoning:RS-8,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2025,Latitude:26.127038,Cooling Y N:1,Heating Y N:1,List Price:415000,Listing Id:A12073351,Longitude:-80.1595556,Mls Status:Active,Year Built:1962,Living Area:1170,Postal Code:33311,Street Name:14th Ave,Coordinates:1:26.127038,Photos Count:9,Building Name:FIRST ADD TO TUSKEGEE PAR,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3090,M L S Area Major:First Add To Tuskegee Par,On Market Date:2026-08-18,Parcel Number:504204061760,Parking Total:3,Property Type:Residential Income,Stories Total:1,Street Number:429,M I A M I R E_ Style:Duplex,Public Remarks: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.,County Or Parish:Broward County,Expiration Date:2027-08-18,List Office Name:Trustpoint Realty, LLC.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7947,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:FIRST ADD TO TUSKEGEE PAR,Tax Annual Amount:7240,Unparsed Address:429 NW 14th Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Agency,Year Built Details:Effective Year Built,Building Area Total:1134,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:354.7009,Original List Price:415000,Public Survey Range:50,Documents Available:1:Rent Rolls,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2026-08-18,Originating System I D:miamire,Public Survey Section:4,Showing Instructions:Call Listing Agent,Street Number Numeric:429,Tax Legal Description:FIRST ADD TO TUSKEGEE PARK 9-65 B LOT 10 BLK 8,M I A M I R E_ Current Price:415000,Public Survey Township:50,M I A M I R E_ Total Mortgage:5161600,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Adjusted Area S F:1134,M I A M I R E_ Geographic Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700),M I A M I R E_ Internet Remarks:Occupied 2-unit duplex in Fort Lauderdale, $415K, 6.59% cap, upside to 7.46% at market rents. Updated 2BR/1BA units, strong value-add opportunity.,M I A M I R E_ Parcel Number M L X:1760,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Street View Param:1$26.127032$-80.159571$209.89$13.33$1.00$yMRWt_vqe9NZGoi-AnQa2g,Contract Status Change Date:2026-08-18,Internet Address Display Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:6,M I A M I R E_ Agent Alternate Phone:305-200-0348,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:429 NW 14th Ave,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:354.7,