2260 NW 59th Way, Lauderhill, FL

About this property

Fully updated triplex offering a clean, low-maintenance opportunity for investors and owner-occupants alike. Each of the three units features 2 bedrooms, 1.5 bathrooms, private entrances, equal layouts, two dedicated parking spaces, and privately sectioned backyards that add to tenant appeal and retention. Major improvements have already been completed: roof (2023), impact windows and doors (2021), HVAC systems and tankless water heaters (2022). All units have updated kitchens, with 2 units featuring fully renovated full and half baths. The middle unit is currently being completed, positioning the property for full market rents immediately upon completion. One unit is owner-occupied, creating potential for FHA house hacking while the remaining units help offset monthly expenses. Another unit is currently rented below market, offering clear upside in future rental income. Additionally, several neighboring triplexes with similar layouts have converted units into 3-bedroom configurations to further maximize rental income potential. Conveniently located near major highways, schools, colleges, parks, shopping, restaurants, and everyday conveniences, with easy access to the nightlife and dining of Las Olas Boulevard and the coastal lifestyle of Fort Lauderdale Beach. Some images have been staged. Elevated property taxes are due to the PACE program used for upgrades. Seller will pay off the amount due at closing.