4
  • Property Type
  • Multi-family
  • 5,006 ft²
  • Area Size
  • 5,500 ft²
  • Land Area
Turnkey Multifamily Gem in Las Olas: 1521 SE 2nd Ct – Prime Location, Strong Returns, Seller Financing!
  • $1,900,000

Details

Updated on November 24, 2024 at 1:38 am
  • Property ID FC-1521 SE 2nd Ct
  • Price $1,900,000
  • Property Size 5,006 ft²
  • Land Area 5,500 ft²
  • Property Type Multi-family
  • Property Status For Sale

Description

Presenting 1521 SE 2nd Ct, a turnkey 8-unit multifamily gem in the heart of Las Olas, steps from top shopping, dining, and close to the beach. This mostly renovated property includes seven 1-bed/1-bath units and one spacious 2-bed/1-bath unit, many featuring new flooring, kitchen cabinets, and bathrooms. The freshly painted exterior adds durability and curb appeal.

With 40-Year Re-certification completed in 2022 and occupancy increasing, the property is set to generate over $172,000 annually, offering almost a 6.5% cap rate—potentially higher if used as a vacation rental. Seller financing available with attractive terms!

Property Documents

1. FAUSTOCOMMERCIAL - FLYER-29
  • Address: 1521, Southeast 2nd Court, Fort Lauderdale, Broward County, Florida, 33301, United States
  • City: Fort Lauderdale
  • State/county: Broward County
  • Zip/Postal Code: 33301

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