For Sale
$873,500

5130-5132 17Th TerFort Lauderdale, FL 33334

Fully remodeled duplex, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Fort Lauderdale investment opportunity presents a fully remodeled duplex located at 5130-5132 NE 17th Ter, in Broward County, FL 33334. Built in 1963, this single-story apartment building boasts a fresh, modern feel thanks to a complete renovation completed just 2.5 years ago. The renovation included a brand-new roof, a stylish kitchen upgrade featuring beautiful white quartz countertops, and new vinyl flooring throughout the units. Exterior improvements include a new fence and freshly poured concrete, significantly enhancing curb appeal. Currently, the property enjoys strong occupancy. One tenant has been in place since the remodel, providing consistent rental income. The other unit is leased to The Church of Jesus Christ of Latter-day Saints, a highly reputable organization, under a lease secured just 5 months ago, ensuring reliable occupancy and predictable cash flow. This property offers an 8% CAP rate, making it an attractive investment opportunity for those seeking a combination of contemporary living spaces and dependable tenants. The property's location in Coral Ridge Isles provides convenient access to Fort Lauderdale's amenities. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a desirable location. Don't miss this chance to add a solid performer to your portfolio.

Property Details for 5130-5132 17Th Ter

Property type
Apartment buildings, Small apartment buildings
Year Built
1963
Stories
1

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.191702
Longitude
-80.123268
5130-5132 17Th Ter, Fort Lauderdale, Florida

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5130-5132 17Th Ter
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