Active MLS listing · MLS #A11983486

1225 NW 2nd Street

Fort Lauderdale, FL, 33311

1 / 12

$985,000

-Beds

0Baths

2183SqFt

Property type: Quadruplex
Subdivision: SEMINOLE FOREST
Year built: 1960

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.

Listing Courtesy of: Compass Florida, LLC
adam.vellano@compass.com

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