Unlocking Investment Potential: Fort Lauderdale Duplex in Croissant Park
October 6, 2023
investment opportunity in the vibrant city of Fort Lauderdale
Are you ready to seize a golden investment opportunity in the vibrant city of Fort Lauderdale? Look no further than this updated duplex in the coveted Croissant Park neighborhood. With 3 bedrooms and 2 full baths in each unit, situated on a spacious 11,175 sqft lot, this property presents a rare chance to enter the thriving Fort Lauderdale real estate market.
Property Overview
Address: Fort Lauderdale, FL
Price: $749,000
Living Area: 2,242 sqft
Unit Mix: 3 Beds / 2 Baths
Year Built: 1964 
Fort Lauderdale Duplex in Croissant Park Fort Lauderdale Duplex in Croissant Park Fort Lauderdale Duplex in Croissant Park Fort Lauderdale Duplex in Croissant Park Fort Lauderdale Duplex in Croissant Park Fort Lauderdale Duplex in Croissant Park

Property Highlights

  • Prime Location: Croissant Park is a highly sought-after neighborhood known for its convenience and desirability. Nestled in the heart of Fort Lauderdale, this property offers easy access to the city’s vibrant culture, beautiful beaches, and numerous amenities.
  • Expansive Lot with Extra Unit Potential: The generously sized 11,175 sqft lot provides ample space for potential expansion or additional development. Explore the possibilities and maximize your investment potential.
  • Laundry in Units: Both units feature their own washer and dryers, adding to tenant convenience and landlord appeal. This amenity is highly valued by renters and can command higher rental rates.
  • Value-Add Opportunities: A lot of opportunities to enhance the property further to increase rental income and property value.
Fort Lauderdale Duplex in Croissant Park

Investment Potential

With a pro forma yearly gross income of $84,000 and pro forma CAP rate of 6.87%, this property promises a steady return on investment. The opportunity to purchase a fully updated duplex in Croissant Park is rare and highly attractive to investors seeking long-term stability and growth.
Furthermore, the property’s central AC, separate water and electricity meters for each unit, and modern amenities make it a hassle-free investment.
Fort Lauderdale’s real estate market has been on a steady upward trajectory, making it an ideal time to invest in this property. Whether you’re a seasoned investor or a first-time buyer, this duplex in Croissant Park offers a prime opportunity to capitalize on Fort Lauderdale’s thriving rental market.

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