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.
- Swimming Pool
- Heating System
- Cooling System
- Parking
- Architectural Style
- Roof:
- Other
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33311
- Street:
- 1225 Nw 2nd St, Fort Lauderdale, Florida 33311
- Longitude:
- W81° 50' 31.3''
- Latitude:
- N26° 7' 25''
- Building Area:
- 2,183 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 16
- DOM:
- 16
- Flooring:
- Other
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash, Conventional
- Lot Features
- Parcel Number:
- 504204200360
- Subdivision Name:
- SEMINOLE FOREST
- Tax Annual Amount:
- $11,015
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
1225 Nw 2nd St, Fort Lauderdale, Florida 33311, Fort Lauderdale, Florida 33311
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,050,000
- Square Footage :
- 2,183 Sqft
- Year Built :
- 1960
- MLS # :
- A11983486
- Property Sub Type :
- Quadruplex
