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Duplex with 2 Private Fenced-in Yards 1619 NW 6th Pl

2 Unit Block of Flats £295,875 (£147,937/Unit) 8% Net Initial Yield Fort Lauderdale, FL 33311

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Investment Highlights

Private Fenced in Driveways
Brand New Roof with Warranty

Private Fenced in Backyards

Executive Summary

The property comprises two large units, each with an identical one-bedroom and one-bathroom layout. Each unit has its own driveway and fully fenced in private back yard making this property very attractive and easy to rent. A brand-new roof was installed in October 2024. Additionally, both units have been fully renovated with new kitchen cabinets and countertops, and large white porcelain tile floors. Units 1 is being left vacant for showings and unit 2 houses a long-term tenant, with rents at $1,600 and $1,500, respectively. The total potential monthly rent is $3,200. Tenants are responsible for their own electricity, while the landlord pays water expenses, averaging about $220 monthly. Property is within the CRA Boundary and Opportunity Zone.
Property is ideally located just off of Sistrunk Blvd and new developments including the Adderly and Laramore which are only blocks away along with tons of other new projects along Sistrunk Blvd. Property is close to Downtown Fort Lauderdale, restaurants, amenities, culture, and transportation. These are some of the last remaining affordable housing units that are available in Broward County.
Please refrain from interacting with or disturbing the current tenants. Unit a is unoccupied and can be shown to prospective buyers.

Listing Flyer 1619 NW 6th Place

Property Facts

Price	£295,875	Apartment Style	Garden
Price Per Unit	£147,937	Lot Size	0.11 AC
Sale Type	Investment	Building Size	890 SF
Net Initial Yield	8%	Number of Floors	1
No. Units	2	Year Built/Renovated	1965/2024
Property Type	Residential	Parking Ratio	4.49/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£295,875
Price Per Unit	£147,937
Sale Type	Investment
Net Initial Yield	8%
No. Units	2
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Lot Size	0.11 AC
Building Size	890 SF
Number of Floors	1
Year Built/Renovated	1965/2024
Parking Ratio	4.49/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.