Seminole Forest
$1,050,000
1225 NW 2nd St, Lauderhill, FL 33311
2,183 sqft
Building Size
1960
Year Built
Details:
Highlights:
- Lot Features: Less Than 1/4 Acre Lot
- Documents Available: Copy Of Lease(S), Rent Rolls
- Architectural Style: Other
- Cooling: Wall/Window Unit(s)
- Heating: None
- Flooring: Other
- Construction Materials: Concrete Block Construction
Description:
Turnkey 4-unit multifamily offering immediate cash flow at a 6% cap rate, currently generating $83,100 in annual revenue, featuring 2 two-bedroom units and 2 one-bedroom units, with 3 of 4 units fully renovated. Property includes new stainless steel appliances, separate water and electric meters, new water heaters, a new flat roof (2025), assigned parking for each unit, and leases in place with security deposits, all with no open permits and professionally managed. Ideal for a 1031 exchange buyer seeking a clean, stabilized asset with additional upside through renovation of the 4th unit, potential to add on-site laundry, and future rent increases in a desirable and growing area. Water, sewer & trash is $210/mo for all units.
Minutes from the I-95, Walmart and other commercial shops along W Broward Dr.
Showings subject to accepted offer. Please do not disturb tenants.
Location
Gallery
