$425,000

Price reduced

1515 NW 2nd Ave, Fort Lauderdale FL 33311

1,523 sq ftBuilt 1963MLS# A12051695

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About this property

6.57% EST. CAP RATE!! Fully rented duplex near highly desirable Wilton Manors generating $3,600/month in rental income. Tenants pay water and electricity, helping keep owner expenses low and providing immediate income from day one. Each unit offers its own washer/dryer, water heater, separate electric meter and private backyard—features that support tenant privacy and long-term rental appeal. Property features no cloth wiring and newer appliances. Long-term tenants are already in place with active leases. Minutes from Wilton Manors, Las Olas, Flagler Village, Sistrunk Marketplace, Downtown Fort Lauderdale and the beach. Sold AS-IS with no surprises: full inspection, 4-point, wind mitigation and contractor estimates for roof replacement and cast-iron line lining are available to buyers. Short sale subject to lender approval. Ideal for buy-and-hold or 1031 exchange investors.

Property details

Property type
Multi-family
Year built
1963
Living area
1,523 sq ft
Price per sq ft
$279
Property taxes
$9,912/yr
Parking
3 spaces
Building / community
Progresso
Status
Price reduced
MLS #
A12051695

Listing courtesy of Related General Realty, LLC..

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