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621 NE 28Th St Fort Lauderdale, FL 33334

For Sale
$1,799,500

Fully renovated fourplex with strong returns in a desirable location.

Building Details

Year built
1974

Source: The Agency Florida LLC Agent Steve McAleer

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


Overview

Renovated Fourplex in Wilton Manors

This fully renovated fourplex is located in a desirable South Florida rental market. The property offers stable returns and an approximate 7% cap rate. It is a turnkey asset with a 95% occupancy rate, housing reliable medium-term tenants seeking quality furnished accommodations. Each unit features recessed LED lighting, in-unit laundry, smart locks, and contemporary decor. Recent upgrades include new HVAC systems, electrical panels, four water heaters, a 2023 roof, and remodeled bathrooms. The exterior has been updated with new paint, updated landscaping, and redesigned private patios. The property is located near Wilton Drive and minutes from Downtown Fort Lauderdale. This stabilized, income-producing property is suitable for investors.
Location Intelligence

Current Use by Public Records

Florida Furnished Living Vacation Home Rental Agency

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Fort Lauderdale
County
Broward
State
Florida
Longitude
-80.1368168
Latitude
26.1626562

FAQs

What type of property is this?
Quadplex - Fully renovated fourplex with strong returns in a desirable location.
Where is this quadplex located?
The property is located at 621 NE 28Th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,799,500.
What are key features of this property?
This property features: - Strong, stable returns with an approximate 7pc cap rate in a desirable rental market.; - Fully renovated fourplex with 95pc occupancy and reliable medium-term tenants.; - Turnkey asset with modernized units featuring in-unit laundry and smart locks.
More about this property
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