1429 N Andrews Avenue
Fort Lauderdale, FL 33311
1000 sqft | #RX-11036604
Description
Prime Investment Opportunity in Fort Lauderdale's Thriving Neighborhood Near Las Olas!
Welcome to 1429 N Andrews Ave, Fort Lauderdale, FL 33311, a versatile and well-maintained duplex that's perfect for the savvy investor. This property features all IMPACT WINDOWS for enhanced safety and noise reduction, a durable 2011 roof, and low-maintenance TERRAZZO flooring throughout. Each unit comes complete with private patios and IN-UNIT LAUNDRY for added convenience and tenant satisfaction.
With Seperate Electric Meters for each unit and new leases secured until the end of October 2025, this duplex offers stable rental income and a CAP rate of 7.8% (including lawn care and water). The owner pays a $160/month water bill for both units, keeping operating costs manageable. The property provides numerous investment options: add a 500 sq. ft. Additional Dwelling Unit in the spacious backyard, install a pool, or even go vertical and convert the duplex into two townhome-style units on this 6005 SF lot. This flexibility is ideal for investors looking to maximize rental potential or value in an area with strong growth.
Don't miss this exceptional opportunity to invest in a rapidly developing area of Fort Lauderdale, just minutes from local amenities, dining, and entertainment. Schedule your showing today!
Property Details
- Exterior FeaturesFence, Open Patio, Room for Pool, None
- Exterior MaterialsFence, Open Patio, Room for Pool, None
- ViewCity, Garden
- Lot Features< 1/4 Acre
- Lot Description< 1/4 Acre
- Stories1
Measurements
- Square Feet1000
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1955
Material information
- RoofTar/Gravel
Utilities / Energy Details
- Utility FeaturesCable Connected, Electricity Connected, Public Sewer, Public Water
Community and Neighborhood Details
- SubdivisionPROGRESSO
Location
- CountyBroward
- ZoningRDS-15
Financial Details
- Original List Price$475,000
- Taxes Annual$6,297
Other
- MLS #RX-11036604
Location
Legal
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Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: Frankelley Nunez (#276659600)
Listing Office: Realty ONE Group Innovation (#276547391)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
