Income-producing duplex located in a high-demand Fort Lauderdale area. This detached multifamily property features two units: a 3-bedroom/2-bath unit and a 1-bedroom/1-bath unit. Current total rental income is $5,800 per month.
The 3/2 unit is rented at $4,000 per month on a month-to-month basis, while the 1/1 unit is rented at $1,800 per month with a lease in place through March 1, 2026. Recent capital improvements include a new roof (2024) and impact windows throughout. Both units offer private yards, adding tenant appeal and functionality.
Property is zoned multifamily and located in a strong rental market with consistent tenant demand. Ideal opportunity for investors seeking steady income with long-term upside in an established Fort Lauderdale neighborhood.
1628 NW 5th Ave, Fort Lauderdale, FL, 33311
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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