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    OFF-MARKET
    Apartment buildings

    1114 2Nd Ct, Wilton Manors, FL 33311

    Built 1987
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Apartment buildings
    Year built 1987
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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