1225 NW 2nd Street
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Other -
Heating & Cooling
Heating: None, SeparateMeters Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1960Building Area Total: 2183Construction Materials: BlockPrivate Pool: NoWater front Features: None
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Listing Price Information
Listing Price: $985000Original Price: $1050000Cash, Conventional
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Tax Information
Parcel Number: 504204200360 Tax Year: 2025 Annual Tax: $11015 Tax Legal Desc: SEMINOLE FOREST 14-16 B LOT 6 BLK 3
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Parking Information
Parking Total: 4
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School Information
Elementary School: North Fork Junior High School: Parkway Senior High School: Stranahan -
Utility Information
CableAvailable -
Location Information
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1519-1521 NW 8th Avenue, Fort Lauderdale, FL, 33311 | $690,000 | 8 | 4 | 2,504 | 2,504 SqFt |
| 2610 NW 14th Street, Fort Lauderdale, FL, 33311 | $479,000 | 4 | 2 | 1,440 | 1,440 SqFt |
| 1429 N Andrews Avenue, Fort Lauderdale, FL, 33311 | $427,000 | 2 | 2 | 1,000 | 1,000 SqFt |
| 1126 NW 4th Avenue #1-2, Fort Lauderdale, FL, 33311 | $605,000 | 4 | 3 | 1,350 | 1,350 SqFt |
| 2840 NW 13th Court #1-2, Fort Lauderdale, FL, 33311 | $549,900 | 5 | 3 | 1,818 | 1,818 SqFt |
| 517 NW 15th Terrace, Fort Lauderdale, FL, 33311 | $545,000 | 4 | 2 | 1,236 | 1,236 SqFt |
| 2921 NW 11th Street, Fort Lauderdale, FL, 33311 | $525,000 | 4 | 2 | 1,744 | 1,744 SqFt |
| 842 NW 1st Avenue, Fort Lauderdale, FL, 33311 | $1,900,000 | 1 | 1 | 4,753 | 4,753 SqFt |
| 1201 N Andrews Avenue, Fort Lauderdale, FL, 33311 | $675,000 | 3 | 3 | 2,653 | 2,653 SqFt |
| 831 NW 1st Ave, Fort Lauderdale, FL, 33311 | $1,110,000 | 4 | 4 | 2,423 | 2,423 SqFt |
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ByOwner last updated this listing 08/10/2026 @ 14:23
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