1121 NORTH EAST 2ND ST, Fort Lauderdale
$1,249,000 USD
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| Address | 1121 NORTH EAST 2ND ST, Fort Lauderdale |
| Building Name | STRANAHANS SUB |
| Type of Property | Quadruplex |
| Property Style | Quadruplex |
| Price | $1,249,000 |
| Property Status | Active |
| MLS Number | A11858941 |
| Living Area | 2085 |
| Year Built | 1959 |
| Parking Space Number | 6 |
| Folio Number | 504202060450 |
| Zoning Information | RML-25 |
| Days on Market | 24 |
Detailed Description: The best priced multifamily in VP! Corner-lot 4plex with 2 separate and detached duplexes on one lot, just 3 blocks from Las Olas Blvd, beautiful and long-lasting barrel tile roof, updated interiors, private fenced in patios. This income-producing property on a 6,300 sq.ft lot. Located minutes from Fort Lauderdale Beach and FLL Airport, in one of the city’s most walkable and desirable neighborhoods. Surrounded by top dining, shops, and entertainment- making it an ideal location for both long-term and short-term tenants, current gross annual revenue $120,000 and a solid 7% CAP rate, reliable cash flow and strong long-term appreciation. VP offers high tenant demand and low vacancy rates. Development opportunity, Zone RML-25 Residential Multifamily Low Rise / Medium High Density district.
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Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33301 |
| Address | 1121 NORTH EAST 2ND ST |
| Zip Code (4 Digits) | 1666 |
Financial Information
| Price | $1,249,000 |
| Price per Foot | $0 |
| Folio Number | 504202060450 |
| Tax Amount | $14,818 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed Description | The best priced multifamily in VP! Corner-lot 4plex with 2 separate and detached duplexes on one lot, just 3 blocks from Las Olas Blvd, beautiful and long-lasting barrel tile roof, updated interiors, private fenced in patios. This income-producing property on a 6,300 sq.ft lot. Located minutes from Fort Lauderdale Beach and FLL Airport, in one of the city’s most walkable and desirable neighborhoods. Surrounded by top dining, shops, and entertainment- making it an ideal location for both long-term and short-term tenants, current gross annual revenue $120,000 and a solid 7% CAP rate, reliable cash flow and strong long-term appreciation. VP offers high tenant demand and low vacancy rates. Development opportunity, Zone RML-25 Residential Multifamily Low Rise / Medium High Density district. |
| Roof Description | Slate |
| Floor Description | Ceramic Floor |
| Cooling Description | Electric |
| Heating Description | Window / Wall |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 2085 |
| Zoning Information | RML-25 |
| Year Built | 1959 |
| Type of Property | Quadruplex |
| Style | Quadruplex |
| Building Name | STRANAHANS SUB |
| Development Name | STRANAHANS SUB |
| Construction Type | Concrete Block Construction |
| Stories Number | 1.000 |
| Street Direction | North East |
| Parking Space Number | 6 |
| Listed with | The Keyes Company |