1225 NW 2nd St, Fort Lauderdale FL 33311

Description of 1225 NW 2nd St, Fort Lauderdale FL 33311

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.

Property Details for 1225 NW 2nd St, Fort Lauderdale FL 33311

Flooring

Other

Heating

None

Cooling

Wall/Window Unit(s)

Architectural Style

Other

Pool Private

No

Year Built Details

Resale

Building Information for 1225 NW 2nd St, Fort Lauderdale FL 33311

Building Name

SEMINOLE FOREST

Building Area Total

2183

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 1225 NW 2nd St, Fort Lauderdale FL 33311

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Roof

Other

Sewer

Public Sewer

New Construction

No

Public Records for 1225 NW 2nd St, Fort Lauderdale FL 33311

Parcel Number

504204200360

Tax Annual Amount

$11,015

Tax Year

2,025

Tax Legal Description

SEMINOLE FOREST 14-16 B LOT 6 BLK 3

Zoning

RMM-25

County Or Parish

Broward County

Location