Fort Lauderdale Real Estate Search

Start With the Numbers, Not the Pro Forma

These are Fort Lauderdale duplexes, triplexes, fourplexes and larger multifamily buildings. Sellers advertise projected rents. I look at actual ones: signed leases, a rent roll that matches bank deposits, and the last two years of taxes, insurance, repairs and vacancy. If a deal only works on the pro forma, it does not work.

What Changes the Math

  • Property taxes. Assessed value resets after a sale, so underwrite the new tax estimate, not the seller's bill.
  • Insurance. Roof age and building age can move premiums enough to change the return.
  • Financing. Buildings with one to four units can qualify for residential loans, and owner-occupants may qualify for lower down payments on two to four units. Five or more units are financed as commercial, with different terms. Your lender can tell you which applies.
  • Zoning and rental rules, including short-term rental limits.
  • Leases and deposits. Get tenant estoppels and confirm security deposits transfer.

Have a property in mind? Send it to me and I will help you check the rents and expenses against what is listed.

Contact Bryan

How I Work With Buyers

I start every buyer with a showing agreement. Think of it as going on a date: we see properties together under clear terms and find out whether we work well together. If it is a fit, we move to a buyer broker agreement, which is closer to a marriage. I explain both before you sign either.

I am not a lender, accountant or attorney. Run the numbers with your own advisors before you buy.

Fort Lauderdale, FL Multi-Residential Homes for Sale

1017 NE 14th Avenue, Fort Lauderdale
$1,550,000
A12110633 MLS
EXCEPTIONAL TURNKEY MULTIFAMILY INVESTMENT OPPORTUNITY IN THE HEART OF FORT LAUDERDALE! This fully renovated and fully furnished 5-unit property offers immediate income from day one and is currently generating an approximate 7% annual return based on current operations. The unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio. Four units are currently operated as short-term rentals, while one 1-bedroom unit is leased long-term at $1,800/month, providing a diversified rental strategy. All five units were renovated within the past three years and are offered fully furnished and equipped, making this a true turnkey investment. The property also features 5 parking spaces, a common laundry area, outdoor patio and BBQ area, tropical landscaping, smart locks, and CCTV surveillance. Ideally located approximately 3.5 miles from Fort Lauderdale Beach and just 2.3 miles from I-95, with convenient access to Downtown Fort Lauderdale, Las Olas, shopping, dining, entertainment, and major transportation routes. Additional upside potential exists through optimized short-term rental management and further enhancement of the outdoor amenities, including the potential addition of a swimming pool. A rare opportunity to acquire a renovated, furnished, income-producing multifamily property in one of South Florida's most desirable and active rental markets. Please contact the listing agent to schedule a private showing. Minimum 24-hour advance notice required.

1017 NE 14th Avenue, Fort Lauderdale

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