Multifamily in Fort Lauderdale, FL 33311

Tuskegee Park, 426 NW 14th Ave #1-8

Northwest Gardens is a very attractive rental community comprised of 8 -1 bedroom/1 bathroom apartments spread across four separate buildings on one parcel of land close to Flagler Village and Downtown Fort Lauderdale. The entire area has a tremendous amount of new development activity. The property is located within the Northwest Fort Lauderdale CRA and Opportunity Zone and only 1.3 miles from Downtown Fort Lauderdale. Each unit has their own fenced-in yard with a 6 foot tall wooden privacy fence and gate. All 8 units have been completely renovated with high quality interior finishes including white porcelain tile floors, energy efficient windows, new hardwood kitchen cabinets and faux granite countertops at a total cost of more than $220,000. Rent paid through Venmo or CashApp. Average current rents of $1,146 per month are 49% below the average Fort Lauderdale rent of $2,329, generating plenty of future growth potential.