Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$985,000
 $5,288 est/mo Sourced by Back At You

1225 NW 2nd Street,Fort Lauderdale, FL 33311

Fort Lauderdale, FL 33311

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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.

Details

MLS #A11983486
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site153
Listing Provided ByCompass Florida, LLC | Dan Avital

Features

SQ Feet2,183
Story(s)1
ZoningRMM-25

Taxes

Tax Annual Amount11015

Area Information

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33311
Area3460
Community NameSEMINOLE FOREST
Listing VS Median (in SEMINOLE FOREST)
Price:
$985,000
low | high
Med:
$2,800
100% of Average
sqft:
2,183
low | high
Med:
1,435
84.264773247824% of Average
$ / sqft:
$451
low | high
Med:
$2
100% of Average
On site:
153
low | high
Med:
17
100% of Average
Sourced by Back At You

Market Activity 33311

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Additional Information

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyBroward
CityFort Lauderdale
Zip Code33311
Area3460
Community NameSEMINOLE FOREST
Listing VS Median (in SEMINOLE FOREST)
Price:
$985,000
low | high
Med:
$2,800
100% of Average
sqft:
2,183
low | high
Med:
1,435
84.264773247824% of Average
$ / sqft:
$451
low | high
Med:
$2
100% of Average
On site:
153
low | high
Med:
17
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $738K - $1.231M
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
305 NW 12th Avenue 1 Property Photo 1
$1,950
305 Nw 12th Avenue 1
Fort Lauderdale, FL 33311
305 NW 12th Ave 1 Property Photo 1
$1,950
305 Nw 12th Ave 1
Fort Lauderdale, FL 33311
Listing Updated: June 30, 2026 at 2:01:38 AM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc