426 NW 14th Ave - Apartments FOR SALE


Fort Lauderdale, FL 33311- Dorse Riverbend | 
$1,325,000 USD
305-697-7011
426 NW 14th Ave, Fort Lauderdale, FL for Sale
$1,325,000 USD
Apartments - FOR SALE
1/21
null | 7.3% Cap Rate

426 NW 14th Ave
Fort Lauderdale, FL 33311
Dorse Riverbend


HIGHLIGHTS

  • Consistently 100%-occupied with market-rate tenants
  • Durable duplex-style layout w/ private gated yards for every unit
  • Convenient on-site parking & in-unit washer/dryers in half the units
  • Stabilized & thoughtfully improved units with additional renovation upside
  • Near Sistrunk, Flagler Village, Brightline & Downtown Fort Lauderdale
  • Executable price-point for any income property portfolio

OVERVIEW

THE ALPHA COMMERCIAL ADVISORS® PROUDLY PRESENTS AN EFFICIENT 8-UNIT MULTIFAMILY ASSET OFFERING DURABLE IN-PLACE CASH-FLOW + MEANINGFUL UPSIDE NEAR DOWNTOWN FORT LAUDERDALE…. This consistently 100%-occupied income property comprises eight market-rate 1-BR/1-BA residences arranged across four duplex-style buildings—an in-demand configuration offering greater privacy via fewer shared walls, and more predictable ongoing capital requirements. The units have been partially improved, with in-unit washers and dryers installed in half, and a clear opportunity to round out improvements to support continued organic rental growth as the area evolves. In addition to convenient on-site parking, thoughtful features—including individually gated yards for every tenant—create a distinctive living experience within Fort Lauderdale’s traditional rental inventory. Positioned in Historic Dorsey-Riverbend near the Sistrunk Corridor, Flagler Village, Brightline, and Downtown Fort Lauderdale, the property offers connectivity to employment, transportation, entertainment, and continued surrounding investment. Priced-to-sell, this is an ideal opportunity to acquire a manageable, durable cash-flowing asset with consistent occupancy, market-rate income, and a straightforward path to additional value. INVESTMENT HIGHLIGHTS Durable Market-Rate Cash-Flow: Consistently 100%-occupied 8-unit multifamily asset with market-rate annual tenants, providing dependable in-place income supported by a proven history of tenant demand. Operationally Efficient Layout: Four duplex-style buildings support straightforward property operations and more predictable ongoing capital requirements, while adding unique private yards feature for each unit. Embedded Interior Upside: Partially improved residences—with in-unit washers and dryers already installed in half of the units—provide a clear opportunity to complete and standardize the renovations while supporting continued rental growth. Connected Fort Lauderdale Location: Historic Dorsey-Riverbend setting near the Sistrunk Corridor, Flagler Village, Brightline, and Downtown Fort Lauderdale, placing residents near major employment, transportation, dining, and entertainment. Compelling Acquisition Basis: Truly priced to sell, this is a standout opportunity to acquire a manageable multifamily investment with proven income stability, and a clear path to further income growth.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

8

PRICE/UNIT

$165,625

CAP RATE

7.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Unit Multifamily Asset

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

RS-8

APN/PARCEL ID

50-42-04-06-1660

ASK ABOUT THIS PROPERTY

Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

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Jamie ManiscalcoThe Alpha CommercialMore Info
305-697-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.