Basic Information

  • MLS # A11691076
  • Type Multi Family
  • Status Closed
  • Year Built 1961
  • Total Sqft 5,500
  • Date Listed 11/19/2024
  • Days on Market 101
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!

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description On Street
  • Style Multi Family

Interior Features

  • Adjusted Sqft 5,500Sq.Ft
  • Cooling Description Wall Window Units
  • Floor Description Other, Vinyl
  • Heating Description Window Unit, Wall Furnace
  • Sqft 5,500 Sq.Ft

Property Features

  • Address 1521 SE 2nd Ct #1-8
  • Aprox. Lot Size 5,500
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash, Owner May Carry
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $26,901
  • Tax Legal desc COLEE HAMMOCK 1-17 B LOT 13 BLK 41
  • Tax Year 0
  • Terms Considered Cash, Owner May Carry
  • Type of Property Multi Family

1521 SE 2nd Ct #1-8

Fort Lauderdale, FL 33301

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 9547437594

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