817 12Th Ave Fort Lauderdale, FL 33311

This charming 1-story, 1958-built duplex located at 817 NW 12th Ave, Fort Lauderdale, FL 33311, presents a compelling investment opportunity. Priced at $499,000, this property offers a projected rental income of $4500 per month, translating to a 7% capitalization rate. Situated in a rapidly developing area of Broward County, the neighborhood is experiencing significant revitalization with billions of dollars in new construction underway. Both units have undergone complete renovations, ensuring immediate rental potential. The property features separate meters for efficient utility management. A new roof was installed in 2023, adding to the property's value and reducing future maintenance costs. Furthermore, its location within a designated CRA (Community Redevelopment Agency) Opportunity Zone provides significant tax advantages for investors. This duplex is an ideal investment for those seeking strong returns in a thriving Florida market. The property's updated condition, high rental potential, and advantageous location within a revitalizing neighborhood make it a truly attractive proposition. Don't miss this chance to acquire a well-maintained, high-yield investment property in a prime Fort Lauderdale location.