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$ 1,900,000
Est. payment | /mo
5,006 SqFt
$ 1,900,000
Est. payment | /mo
5,006 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,006 sqft
Price per Sqft $379
MLS Listing ID A11691076
HOA Y/N No
Year Built 1961
Annual Tax Amount $26,901
Lot Size 5,500 Sqft
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
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
Listed by Fausto Commercial Realty Consultants Inc
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