4 months on rocket

1509 NW 3rd Ave, Fort Lauderdale, FL, 33311

$699,000

Home List Price

$8,301*

Closing Credit

0 Baths
2,000 SqFt
$350/SqFt
Multi

Location

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1509 NW 3rd Ave, Fort Lauderdale$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1938
HeatingCentral
CoolingCentral Air, Ceiling Fan(s), Wall/Window Unit(s)
MLS #A11612556
StatusActive

About 1509 NW 3rd Ave

Great investment opportunity in a booming neighborhood that could generate approximately $9,500 / month! Three legal units situated on a double lot. The main home is a 3 / 1, being operated as an AirBnB that could generate approximately $5,500 per month. Fenced backyard area, central AC, and recently renovated. The 2nd unit is a 1 / 1 with an additional room, backyard, renovated kitchen, and new central AC system. This unit is currently rented at $1,600 per month. The 3rd unit is a studio recently rented to a mid-term tenant at $2,000 per month, but could generate approximately $2,500 per month as a short-term rental. There are approximately 6 off-street parking spaces. Units 1 and 3 are fully furnished. Shared washer/dryer for property. Huge revenue and future development potential!

Property Details

Property Features

Property Information:

  • Year Built: 1938
  • Stories: 1
  • Living Area: 2,000 SqFt

Listing Office:

  • Office Name: Lokation
  • Office Phone: (954) 545-5583
  • Listing Agent: David Taxman

Interior Features

Interior Information:

  • Flooring Type: Laminate, Tile, Vinyl

Exterior Features

Exterior Information:

  • Exterior: Fence, Fruit Trees, Lighting, Patio

Virtual/3D Tour

  • Virtual Tour: 1509 NW 3rd Ave
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s), Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $350/SqFt

Tax Information:

  • Annual Amount: $5,615
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Fort Lauderdale, FL.

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Fort Lauderdale, FL

City

Med. Sold Price

$484.4K

Med. Price/SqFt

$366

Avg. Days On Market

75

# of Sold Homes

93

1509 NW 3rd Ave vs Fort Lauderdale

142 DAYS ON ROCKET

+67 Days

$699,000

+$214.5K More

$350/SqFt

-$16 Less

KEY TAKEAWAY

This property is $214.5K more than the Median Sold Price and $16/SqFt less than other homes in Fort Lauderdale, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11612556

Listing Office:

  • Office Name: Lokation
  • Office Phone: (954) 545-5583
  • Listing Agent: David Taxman

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 1:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,615$211,790
2019$4,256$206,000
2018$4,026$187,280
2017$4,026$187,440

History based on county public records data.

Payment Calculator

$3,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-324463
5
/10

  • Thurgood Marshall Elementary School

  • 800 NW 13th St

  • 0.49 miles

  • Public Magnet Grades PK-5

school-card-donut-324464
4
/10

  • North Side Elementary School

  • 120 NE 11th St

  • 0.62 miles

  • Public District Grades PK-5

school-card-donut-324465
7
/10

  • Wilton Manors Elementary School

  • 2401 NE 3rd Ave

  • 0.90 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,129. Most Fort Lauderdale, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Fort Lauderdale›33311›1509 NW 3rd Ave

This home is located at 1509 NW 3rd Ave in Fort Lauderdale, FL and zip code 33311 in the South Middle River neighborhood. This 2,000 square foot home was built in 1938. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $699,000.

Fort Lauderdale, FL housing market in October 2024 saw over 12 listings sold above listed price, more than 9 sold at listed price and over 72 sold below. The number of homes for sale in Fort Lauderdale, FL increased by 13.2% between September 2024 and October 2024. In October 2024, listings were on the market for 75 days. During the same period, the median list price in this real estate market was $484,475.

From Rocket Homes Real Estate and based on county public records data.

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