1225 Nw 2nd St, Fort Lauderdale, FL 33311
- $985,000
- 2,183
- SqFt
- List Price
- $985,000
- Price Change
- ▼ $65,000 1777570585
- MLS#
- A11983486
- Sq. Ft
- 2,183
- Subtype
- Quadruplex
- County
- Broward
- Community
- Seminole Forest
- Subdivision
- Seminole Forest
- Year Built
- 1960
Property Description
Turnkey 4-unit multifamily offering immediate cash flow at a 6% cap rate, currently generating $83,100 in annual revenue, featuring 2 two-bedroom units and 2 one-bedroom units, with 3 of 4 units fully renovated. Property includes new stainless steel appliances, separate water and electric meters, new water heaters, a new flat roof (2025), assigned parking for each unit, and leases in place with security deposits, all with no open permits and professionally managed. Ideal for a 1031 exchange buyer seeking a clean, stabilized asset with additional upside through renovation of the 4th unit, potential to add on-site laundry, and future rent increases in a desirable and growing area. Water, sewer & trash is $210/mo for all units. Minutes from the I-95, Walmart and other commercial shops along W Broward Dr. Showings subject to accepted offer. Please do not disturb tenants.
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Additional Information
- Status Label
- ACTIVE
- Boat Service
- None
- Construction
- Concrete Block Construction
- Cooling
- Wall/Window Unit(s)
- Flooring
- Other
- Heating
- None
- Lot Description
- Less Than 1/4 Acre Lot
- Roof
- Other
- Taxes
- $11,015
- Total Floors
- 1
- Stories
- 1
- Roofing
- Other
- Price Per Sqft
- $451
- Boat Services
- None
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Listing Courtesy Of Compass Florida, LLC, Contact: 786-692-8144