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    1114 2 Ct Wilton Manors, FL 33311

    Sponsored
    For Sale
    $935,000

    Historic Sailboat Bend, 3x 2/1 Units, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a well-maintained, one-story triplex located in the desirable Sailboat Bend neighborhood of Wilton Manors, Florida. Built in 1987, this property at 1114 SW 2nd Ct, Fort Lauderdale, FL 33311, offers three identical 2-bedroom, 1-bathroom units, each currently occupied by tenants. The asking price is $935,000. All units are individually metered for electricity, with tenants responsible for their own utility costs. Water is covered by the owner. A convenient coin-operated laundry facility is available on-site for tenant use. This turnkey investment property requires minimal management, making it an ideal choice for passive income generation. The property's prime location in the historic Sailboat Bend district offers excellent potential for appreciation and strong rental demand. Given the current occupancy and established rental income stream, this triplex represents a compelling opportunity for investors seeking a stable and profitable addition to their portfolio. Please note that the property is currently occupied, and tenant privacy should be respected.

    Property Features for 1114 2 Ct

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1987
    Stories
    1

    HighLights

    • Well‑maintained, one‑story triplex in desirable Sailboat Bend, Wilton Manors.
    • Three identical 2‑bedroom, 1‑bathroom units, all currently occupied.
    • Asking price: $935,000.
    • Individually metered electricity; owner pays water; on‑site coin‑op laundry.
    • Turnkey investment with minimal management; strong rental demand and appreciation potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilton Manors
    County
    Broward
    State
    Florida
    Longitude
    -80.1763467
    Latitude
    26.142147

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    FAQs

    What type of property is this?
    Multifamily property - Historic Sailboat Bend, 3x 2/1 Units, High ROI
    Where is this multifamily property located?
    The property is located at 1114 2 Ct Wilton Manors, FL.
    What is the asking price?
    The asking price for this property is $935,000.
    What are key features of this property?
    This property features: Well-maintained, one-story triplex in desirable Sailboat Bend, Wilton Manors.; Three identical 2-bedroom, 1-bathroom units, all currently occupied.; Asking price: $935,000.
    Request Owner's contact information
    1114 2 Ct Wilton Manors, 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
    1114 2 Ct Wilton Manors, FL 33311
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