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    1515 NW 2Nd Ave Fort Lauderdale, FL 33311

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    For Sale
    $550,000

    Fully rented duplex near Wilton Manors with immediate cash flow.

    Building Details

    Year built
    1963

    Source: Related ISG Realty, LLC. Agent Carlos Jose Pulido

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Profitable Duplex Near Wilton Manors

    This fully rented duplex presents an investment opportunity near Wilton Manors. The property generates $4,150 per month and has an estimated 5.09% ROI. Each unit includes a washer and dryer, water heater, private electric meter, and a spacious backyard. Recent updates include PVC plumbing, and newer appliances. The property is located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants are in place with active leases. The property is suitable for a 1031 exchange or as a turnkey asset.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1467045
    Latitude
    26.1461499

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    FAQs

    What type of property is this?
    Duplex - Fully rented duplex near Wilton Manors with immediate cash flow.
    Where is this duplex located?
    The property is located at 1515 NW 2Nd Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - 5.09% ROI and $4,150/month income, offering immediate cash flow.; - Located steps from Wilton Manors, a desirable and rapidly growing rental market.; - Fully rented duplex with long-term tenants and active leases in place.
    (305) 333-5859
    Request Owner's contact information
    1515 NW 2Nd Ave Fort Lauderdale, FL 33311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1515 NW 2Nd Ave Fort Lauderdale, FL 33311
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