Turnkey Four-Unit Rental
1225 NW 2nd St Fort Lauderdale, FL 33311
1225 NW 2nd St, Fort Lauderdale, FL, 33311
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For Sale
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Four-unit multifamily with 2 two-bedroom and 2 one-bedroom apartments, three fully renovated, and separate electric and water meters.
Property Size2,183 SF
Price / SF$480.99
Days on Market128
Property Features for 1225 NW 2nd St
General Information
- Standard status
- Active
- Size
- 2,183 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agency
Pink Miami Real Estate
Listed by
Dan Avital · License #3601571
Source
Crexi
Added: Mar 17 Updated: Jul 20 at 8:23PM Checked: Jul 21 at 4:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pink Miami Real Estate
Investment Insights
Based on property information with market context.
Turnkey four-unit multifamily offering a mix of two-bedroom and one-bedroom units, with 3 of the 4 units fully renovated. The property includes new stainless steel appliances, separate water and electric meters, and new water heaters. A new flat roof was installed in 2025. Each unit has assigned parking, and leases are in place with security deposits. The offering is professionally managed, and there are no open permits reported.
The property is minutes from I-95, Walmart, and other commercial shops along W Broward Dr, supporting everyday convenience for residents.
The current financial performance is supported by $83,100 in annual revenue. Water, sewer, and trash are $210 per month for all units. Showings are subject to an accepted offer, and tenants should not be disturbed.
The property is minutes from I-95, Walmart, and other commercial shops along W Broward Dr, supporting everyday convenience for residents.
The current financial performance is supported by $83,100 in annual revenue. Water, sewer, and trash are $210 per month for all units. Showings are subject to an accepted offer, and tenants should not be disturbed.
Key Highlights
- Four‑unit multifamily built in 1960: 2 two‑bedroom and 2 one‑bedroom apartments
- 3 of 4 units are fully renovated, with new stainless steel appliances included
- Separate water and electric meters, plus new water heaters
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.0k | $25.20 |
| − Vacancy | −$3.0k | −$1.39 |
| EGI | $52.0k | $23.81 |
| − OpEx | −$15.6k | −$7.14 |
| NOI | $36.4k | $16.67 |
2,183 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$519.9K
$454.9K – $606.5K
NOI $36,390 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$468.3K
$409.8K – $546.4K
NOI $32,781 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,688 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily with 2 two-bedroom and 2 one-bedroom apartments, three fully renovated, and separate electric and water meters.
Where is this quadplex located?
The property is located at 1225 NW 2nd St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four‑unit multifamily built in 1960: 2 two‑bedroom and 2 one‑bedroom apartments; 3 of 4 units are fully renovated, with new stainless steel appliances included; Separate water and electric meters, plus new water heaters
