1132 NW 2nd St - Apartments FOR SALE


Fort Lauderdale, FL 33311- Dorse Riverbend
$880,000 USD
931-319-7072
1132 NW 2nd St, Fort Lauderdale, FL for Sale
$880,000 USD
Apartments - FOR SALE
1/20
null | 8.91% Cap Rate

1132 NW 2nd St
Fort Lauderdale, FL 33311
Dorse Riverbend


HIGHLIGHTS

  • Well maintained 4plex with all 2 Bedroom/1 Bath Units!
  • Can be close to a 9% cap rate opportunity after simply raising rents to market value!
  • Minutes from Downtown Fort Lauderdale and the beach!
  • Individual water and electric meters for all units, therefore reducing owner expenses!

OVERVIEW

Investor's dream in Fort Lauderdale! This well-maintained 4-unit multifamily property features four spacious 2-bedroom, 1-bath apartments, each with separate electric and water meters, so tenants pay all utilities and the landlord enjoys low operating expenses. Units offer bright living areas and functional layouts. Ideally located minutes from Downtown Fort Lauderdale, Las Olas, Brightline, major highways, and just a short drive to Fort Lauderdale Beach, this property sits in a rapidly improving area with strong rental demand. Perfect for buy-and-hold and cash-flow investors. Don't miss this opportunity!

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

10

PRICE/UNIT

$88,000

CAP RATE

8.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RMM-25

APN/PARCEL ID

50-42-04-01-0301

ASK ABOUT THIS PROPERTY

Arun MohanFausto Commercial Realty ConsultantsMore Info
931-319-7072

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Arun MohanFausto Commercial Realty ConsultantsMore Info
931-319-7072

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.