1225 NW 2nd St, Fort Lauderdale FL 33311

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.

This quadruplex home located at 1225 NW 2nd St, Fort Lauderdale FL 33311 is currently for sale and has been available on Brickellsold for 45 days. This property is listed at $985K. It has N/A beds, N/A bathrooms, and is 2183 square feet. It was built in 1960. 1225 NW 2nd St, Fort Lauderdale FL 33311 is in Fort Lauderdale county Broward County.