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1225 NW 2nd Street, Fort Lauderdale, FL 33311

$985,000

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https://www.propertypanorama.com/instaview/mia/A11983486

Property Type: Residential Income Square Footage: 2,183 Status: Active

Current Price: $985,000 List Date: 3/16/2026 Last Modified: 5/31/2026

Overview

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.

Listing Details MLS# A11983486

General Property Information

Property Sub Type: Quadruplex
Building Area Main: 2183
Living Area Main: 2183
Adjusted Area Main: 2183
Year Built: 1960
Parking Total: 4
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s); Rent Rolls Flooring: Other Property Condition: Resale Structure Type: Multi Family Construction Materials: Block Cooling: Wall/Window Unit(s) Heating: Separate Meters; None Listing Terms: Cash; Conventional Possession: Negotiable Roof: Other Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available Water Access: None Showing Requirements: 24 Hour Notice

Contract Information

Comp Sale YN: No
Original List Price: 1050000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 1225
Street Direction Prefix: NW
Street Name: 2nd
Street Suffix: Street
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33311
Postal Code +4: 8614
Postal Zip: 33311
Subdivision Name: SEMINOLE FOREST
Area: 3460
Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Elementary School: North Fork
Middle Or Junior School: Parkway
High School: Stranahan
Parcel Number: 504204200360
Subdivision Number: 20
Zoning: RMM-25
Flood Zone: AE

Financial Information

Tax Annual Amount: 11015
Tax Year: 2025
Tax Legal Description: SEMINOLE FOREST 14-16 B LOT 6 BLK 3

Status Change Information

Major Change Timestamp: 2026-04-30T13:31:03Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-30T13:31:03Z
Status Change Date: 2026-03-31

More Information

Section Details

Parcel Number MLX: 0360

Originating Details

Originating System Key: 442624614
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Other: Yes

Property Condition

Resale: Yes

Documents Available

Copy Of Lease(s): Yes
Rent Rolls: Yes

Structure Type

Multi Family: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Separate Meters: Yes
None: Yes

Water Access

None: Yes

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Other: Yes

Cooling

Wall/Window Unit(s): Yes

Showing Requirements

24 Hour Notice: Yes

Tax Information

City/County: Yes

Listing Office: Pink Miami Real Estate

Last Updated: May - 31 - 2026

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