14th Avenue Villas

426 NW 14th Avenue, Fort Lauderdale, FL 33311

  • For Sale $1,550,000
  • Property Type Multi-Family
  • Property Size 3,648 SF
  • Units 8
  • Lot Size 0.27 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1960
  • Year Renovated 2023
  • Date Updated Sep 12, 2024
Discover the allure of Fort Lauderdale's 14th Avenue Villas, a prime investment opportunity in the thriving Ft. Lauderdale-Miami Dade-WPB Metropolitan Statistical Area (MSA). This prime location is in close proximity to top economic drivers, making it highly attractive to South Florida multifamily investors. The property offers easy access to renowned destinations such as Las Olas Boulevard, Riverwalk, and nearby beaches, as well as a multitude of dining and entertainment options. The region’s strong population growth and high demand for rental housing make it a compelling investment in one of Florida's most desirable communities. Located within Fort Lauderdale city limits, home to approximately 200,000 residents, 14th Avenue Villas benefits from the dynamic redevelopment of neighborhoods like Flagler Village, Riverwalk, Riverfront, Fat City, and Progresso Village. These areas are being revitalized through aggressive initiatives supported by a highly active Community Redevelopment Agency (CRA). Millions of square feet are under construction, featuring an abundance of Class A residential apartments and multiple retail centers. Fort Lauderdale is recognized globally as a city on the rise, making it a premier market for real estate investment. 14th Avenue Villas is strategically situated along the Broward Blvd corridor, just north of the world-famous Las Olas Blvd and the burgeoning River Walk area. Known as the "Venice of America," Fort Lauderdale boasts 165 miles of inland waterways and is renowned as the "Yacht Capital of the World," attracting the greatest collection of multi-million dollar yachts globally. Port Everglades, generating more than $29 billion in annual business and directly impacting 11,000 jobs, contributes significantly to the local economy. The area supports various maritime industries, including shipbuilding, repairs, parts manufacturing, and retail, providing quality jobs for residents of multifamily properties like 4th Avenue Villas. Additionally, numerous corporate headquarters within a five-mile radius, such as AutoNation, Chewy, Citrix, Spirit Airlines, Zimmerman Advertising, Seacor, and Mednax, offer excellent employment opportunities for Fort Lauderdale residents.14th Avenue Villas presents an exceptional eight-unit multifamily investment opportunity in Fort Lauderdale, Florida. Ideally situated just outside of Downtown, this property offers convenient access to Fort Lauderdale Beach, Las Olas Boulevard, Port Everglades, and Fort Lauderdale-Hollywood International Airport. The strong demand for workforce housing in this area ensures stable residential income, with the potential for a high-end renovation strategy in this emerging market. Recent significant renovations and stabilization efforts have been made since the current owners acquired the property. Improvements include bathroom renovations, the installation of mini split air conditioning units, and in-unit laundry facilities in each villa. The property comprises four duplex-style units, providing greater privacy and a more homelike feel compared to traditional Class C apartments in the area. Units 4 and 5 boast private backyards with approximately 1,500 square feet of artificial grass, enhancing the tenant experience. The Fort Lauderdale rental market is one of the fastest-growing in the nation, with rental growth remaining robust in the broader South Florida region. Nearby infrastructure improvements and commercial developments are expected to further enhance property values, positioning 14th Avenue Villas as a prime opportunity for appreciation in this dynamic rental market. Downtown Fort Lauderdale and its surrounding areas offer a blend of modern living and strategic location advantages, promising steady rental income growth and significant appreciation potential. The area's strong economic and demographic trends make 14th Avenue Villas an attractive investment in a thriving market.

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Highlights

  • Value Add Opportunity in a Path Of Progress Neighborhood in Fort Lauderdale
  • Interest Only Seller Financing Available at 6% Annually +/- $1,000,000 Debt
  • Potential to Self Insure For Hurricane Coverage via Seller Approval & Financing
  • 6 of 8 Renovated Bathrooms w/ Walk-in Showers
  • Units 4 & 5 Feature 1,500 Sq Ft Back Yard Areas w/Artificial Grass
  • Washer & Dryer in Each Unit
  • Newly Installed Mini Split A/C Units
  • Solar Powered Common Area Electric
  • Security Cameras Installed
  • Unit Mix: (8) 1/1

Contacts

broker

Steven Paulsen

Open Market CRE

Location

Getting Around

  • Walk Score ®

    67/100 Somewhat Walkable
  • Transit Score ®

    51/100 Good Transit
  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Fort Lauderdale, FL
  • Neighborhood Dorsey-Riverbend
  • Zip Code 33311
  • Market Fort Lauderdale

Points of Interest

  • Fort Lauderdale

    0.87 miles

  • Esplanade Park

    0.89 miles

  • River House

    1.31 miles

  • Sheridan Street

    6.61 miles

  • Marathon

    0.55 miles

  • Speedway

    0.64 miles

  • Shell

    0.72 miles

  • Sunoco

    0.77 miles

  • Mobil

    0.77 miles

  • 7-Eleven

    0.77 miles

  • RaceTrac

    0.98 miles

  • Tesla Supercharger

    1.15 miles

  • Wawa

    1.20 miles

  • ChargePoint Charging Station

    6.06 miles

  • Arts & Science District Garage

    0.75 miles

  • Main Office Parking #2

    0.97 miles

  • East Parking Lot

    0.97 miles

  • Main Office Parking Lot #1

    0.98 miles

  • Publix

    2.00 miles

  • CVS

    2.68 miles

  • Galleria

    2.78 miles

  • Galleria Parking

    2.94 miles

  • Northport Garage

    3.12 miles

  • Sebastian Lot (Handicap only)

    3.42 miles

  • Days Inn by Wyndham Fort Lauderdale Airport Cruise Port

    0.53 miles

  • Tru

    0.90 miles

  • Home2 Suites

    0.91 miles

  • Hampton Inn Ft. Lauderdale/Downtown Las Olas Area

    0.99 miles

  • Rashelle Hotel

    1.29 miles

  • The Dalmar, Fort Lauderdale, a Tribute Portfolio Hotel

    1.33 miles

  • Courtyard Fort Lauderdale Downtown

    1.37 miles

  • Fairfield Inn & Suites Fort Lauderdale Downtown/Las Olas

    1.43 miles

  • Riverside Hotel

    1.54 miles

  • Travelodge Ft. Lauderdale

    1.90 miles

  • Dunkin'

    0.41 miles

  • Burger King

    0.67 miles

  • Popeyes

    0.67 miles

  • KFC

    0.77 miles

  • Fresh Catch Fish & Chicken

    0.78 miles

  • OB House - Breakfast All day

    0.86 miles

  • Chinese Food Truck

    0.88 miles

  • Sistrunk Marketplace & Brewery

    0.88 miles

  • Original Fat Cats

    0.91 miles

  • Riverside market cafe

    0.93 miles

  • Walker Elementary School

    0.22 miles

  • Cradle Nursery

    0.23 miles

  • Jack and Jill Elementary School

    0.33 miles

  • North Fork Elementary School

    0.39 miles

  • Ascension Child Care Center

    0.52 miles

  • Westside School

    0.59 miles

  • Sunland Park Elementary School

    0.59 miles

  • Grace Brethren Christian School

    0.74 miles

  • Broward Detention Center School

    0.76 miles

  • Off Campus Learning Center

    0.95 miles

  • New River

    0.60 miles

  • A World Of Discovery Academy

    5.14 miles

  • Learn & Smile Preschool

    5.19 miles

  • Broward Children's Center

    7.88 miles

  • Nob Hill Academy

    7.99 miles

Frequently Asked Questions

How much does 14th Avenue Villas cost?

The space currently listed for sale at 14th Avenue Villas asks for $1,550,000.

What is the total square footage of 14th Avenue Villas?

14th Avenue Villas totals 3,648 square feet.

When was this property built?

14th Avenue Villas was built in 1960.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Steven Paulsen

Open Market CRE