817 19Th AveFort Lauderdale, FL 33304

This exceptional value-add opportunity presents a four-unit apartment building located at 817 NE 19th Ave, Fort Lauderdale, FL 33304, in Broward County. The property boasts a total of 2,517 square feet situated on a 0.155-acre lot. Built in 1951, the building currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $55,400, translating to a compelling 4.62% cap rate. The asking price is $1,200,000. The property features six parking spaces, a significant advantage in this desirable location. Zoned RMM-25, this property offers considerable potential for future development or renovation. The current monthly rent roll totals $8,240. This is an excellent investment opportunity for those seeking a strong return in a thriving Florida market. The property's location in Fort Lauderdale provides easy access to local amenities, transportation, and the vibrant city life. The existing structure presents a solid foundation for immediate income generation and future value appreciation. This is a rare chance to acquire a well-performing multifamily property with significant upside potential. The property's parcel number (APN) is 49-42-34-05-9102.