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1521 SE 2nd Ct #1-8 Fort Lauderdale, FL 33301
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Key Details
Sold Price $1,780,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,006 sqft
Price per Sqft $355
MLS Listing ID A11691076
Sold Date 02/28/25
HOA Y/N No
Year Built 1961
Annual Tax Amount $26,901
Contingent No Contingencies
Lot Size 5,500 Sqft
Property Sub-Type Multi Family
Property 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 the 40-Year Re-certification completed in 2022 and occupancy increasing, the property is set to generate over $190,000 annually, offering a 7.14% cap rate—potentially higher if used as a vacation rental. Seller financing available with attractive terms!
Location
State FL
County Broward
Area 3280
Interior
Heating Window Unit, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Other, Vinyl
Exterior
Roof Type Built-Up
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Tax ID 504211012540
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Financing Seller Financing
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Bought with Fausto Commercial Realty Consultants Inc