For Sale
$549,900

2439 42Nd AveDavie, FL 33317

Three-unit apartment building, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a three-unit apartment building ideally situated in Davie, Florida, at 2439 SW 42nd Ave, zip code 33317. Built in 1979, this single-story property offers a blend of convenience and income potential. The building comprises three units: two two-bedroom, one-bathroom apartments and one studio apartment. Both two-bedroom units are equipped with central air conditioning. The property boasts a desirable location, providing easy access to major roadways including 441, I-595, the Turnpike, I-95, and I-75, ensuring convenient commutes for tenants. The property also includes a pleasant yard space. Currently, the rental income is below market value due to long-term tenants, presenting a significant opportunity for increased profitability upon lease renewals or vacancy. The property is being sold "as-is," and prospective buyers should be aware that a minimum of 24 to 48 hours' notice may be required for showings to avoid disturbing the current tenants. This is a fantastic chance to acquire a multifamily property in a prime location with considerable upside potential. Serious inquiries only.

Highlights

  • $549,900 asking price for this multifamily investment opportunity.
  • Three-unit apartment building in Fort Lauderdale, FL.
  • Property consists of two 2-bedroom/1-bathroom units and one studio unit.
  • Built in 1979, single-story building.
  • Located near major highways (I-595, Turnpike, I-95, I-75) for convenient access.
  • Significant rental income potential due to below-market rents.

Property Details for 2439 42Nd Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1979
Stories
1
Units
3

Location Insight

City
Davie
County
Broward
State
Florida
Latitude
26.0902133
Longitude
-80.2058454
2439 42Nd Ave, Davie, Florida

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2439 42Nd Ave
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