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739 NW 2nd Ave

2 Unit Block of Flats £836,340 (£418,170/Unit) 5.50% Net Initial Yield Fort Lauderdale, FL 33311

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Investment Highlights

Fast Developing Area
Separate Folios- Separate Meter
20 approved/under construction projects in the immediate area

2017 Built Twin Home
3bed/2bath , 1709 sqft, 1 car garage each
Near FatVillage, ThriveArts, Brightline

Executive Summary

Investors Special ! See attachment for offering memorandum..Unique Opportunity to own BOTH attached twin homes (2units) in fast developing Progresso Village. The rental market is thriving in the immediate area. 2017 Built that consist identical floor plans. 3/2 with 1,708 Sqft each home, updated kitchen/bath, 1 car garage each, impact windows. separate folios and meters. Asking price for both $1,060,000. $540,000 per dwelling. Avg market rent is $3,300-$3,500 per home. $7000 total/mo. 5.2 cap rate, New constructions abounds in the area, fast developing..currently 20 projects under construction includes FAT village, $300 million mixed-use development 2027. Walking distance to Thrive Arts, Fat Village, Flagler Village, and Brightline. This area is booming.. contact Dee Emmanuel 954-648-3423

OM for 739_741 NW 2 Twin Homes (1)

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	£66,276	£19.38
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£66,276	£19.38
Taxes	£14,218	£4.16
Operating Expenses	£5,271	£1.54
Total Expenses	£19,488	£5.70
Net Operating Income	£46,788	£13.68

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	£66,276
Annual Per SF	£19.38

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£66,276
Annual Per SF	£19.38

Taxes
Annual	£14,218
Annual Per SF	£4.16

Operating Expenses
Annual	£5,271
Annual Per SF	£1.54

Total Expenses
Annual	£19,488
Annual Per SF	£5.70

Net Operating Income
Annual	£46,788
Annual Per SF	£13.68

Property Facts

Price	£836,340	Building Class	B
Price Per Unit	£418,170	Lot Size	0.16 AC
Sale Type	Investment	Building Size	3,419 SF
Net Initial Yield	5.50%	Number of Floors	1
No. Units	2	Year Built/Renovated	2017/2018
Property Type	Residential	Parking Ratio	1.17/1,000 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.
Apartment Style	Single Family Home

Price	£836,340
Price Per Unit	£418,170
Sale Type	Investment
Net Initial Yield	5.50%
No. Units	2
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Single Family Home
Building Class	B
Lot Size	0.16 AC
Building Size	3,419 SF
Number of Floors	1
Year Built/Renovated	2017/2018
Parking Ratio	1.17/1,000 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.