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Stranahans Sub

$1,249,000

1121 NE 2nd St, Fort Lauderdale, FL 33301

Active
Last Updated: 10/06/2025

2,085 sqft

Building Size

4

Units

Details:
Building Size:    2,085 sqft
Units:    4
Year Built:    1959
Floors:    1
Parking Spots:    6
Gross Leaseable Area:    2,085
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Other Available Information
  • Architectural Style: Attached, Detached, Old Spanish
  • Cooling: Electric
  • Heating: Window/Wall
  • Flooring: Ceramic Floor
  • Construction Materials: Concrete Block Construction
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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