1225 Nw 2nd St, Fort Lauderdale, FL 33311
- $985,000
- 2,183
- SqFt
- List Price
- $985,000
- Price Change
- ▼ $65,000 1777570585
- MLS
- A11983486
- Complex Name
- Seminole Forest
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 2,183
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.
Additional Information
- Days on Market
- 135
- Style
- Quadruplex, Fourplex
- Water Access
- None
- #Parking Spaces
- 4
- Year Built
- 1960
- Development Name
- Seminole Forest
- #Stories
- 1
- Construction Type
- Concrete Block Construction
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Listing Courtesy of Compass Florida, LLC, Contact: 786-692-8144