1521 SE 2nd Ct - Apartments FOR SALE


Fort Lauderdale, FL 33301- Downtown Fort Lauderdale
$1,900,000 USD
954-743-7594
1521 SE 2nd Ct, Fort Lauderdale, FL for Sale
$1,900,000 USD
Apartments - FOR SALE
1/40
null | 7.14% Cap Rate

1521 SE 2nd Ct
Fort Lauderdale, FL 33301
Downtown Fort Lauderdale


HIGHLIGHTS

  • Unit Mix: Seven (7) Units are 1 Bed/1 Bath and One (1) Unit is a 2 Bed/1 Bath
  • Prime Location! Steps Away from Las Olas shopping, dining, and very close to the Beach
  • Mostly Updated Kitchens, Flooring and Bathrooms. New Exterior Paint/Resurface. 40 Yr Re-Certification Passed in 2022
  • Owner Financing Available at Attractive Terms

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,500

CAP RATE

7.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime 8 Unit in Las Olas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RC-15, Ft Lauderdale

APN/PARCEL ID

50-42-11-01-2540

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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