1242 2Nd Ave Fort Lauderdale, FL 33311

This exceptional investment opportunity presents a beautifully renovated duplex located at 1242 NW 2nd Ave, Fort Lauderdale, FL 33311. Built in 1958, this single-story property boasts two units, each featuring modern upgrades. Recent renovations include a new roof, hurricane-impact windows and doors, stylish laminate flooring, and elegant quartz kitchen countertops. Both units offer the convenience of in-unit washer/dryer hookups and private fenced patios. Each unit also includes two assigned parking spaces. The property currently generates a monthly income of $4,200, with a 2/1 unit and a 1/1 unit. Separate electric meters for each unit and a single water meter ensure efficient utility management. The property's current capitalization rate stands at 5.83%, representing a strong return on investment. Its prime location offers easy access to the vibrant Downtown Las Olas, the charming Wilton Manors neighborhood, and Interstate 95, providing excellent convenience and accessibility. This is a turnkey investment ready for immediate income generation. The property is situated in Broward County and is a highly desirable location for renters. This duplex presents a rare opportunity to acquire a well-maintained, high-performing multifamily property in a thriving South Florida market.