2300 6Th St, Fort Lauderdale, FL 33311

This exceptional 12-unit apartment building presents a compelling investment opportunity in the heart of Fort Lauderdale, Florida. The property, located at 2300 NW 6th Street, boasts a desirable mix of six studios and six one-bedroom, one-bathroom units, all recently renovated in 2024. Upgrades include fully remodeled kitchens and bathrooms, updated PVC plumbing and electrical systems, hurricane impact windows, and a new roof installed in 2021. The building, constructed in 1959 and situated on a 0.31-acre lot, offers 4,497 square feet of living space. With a strong net operating income (NOI) of $126,741 and a 6.40% cap rate, this property offers a significant return on investment. The asking price is $1,980,000, translating to $165,000 per unit and $440.29 per square foot. The property's prime location provides easy access to Fort Lauderdale's beaches, shopping, dining, and transportation. Ample on-site parking caters to tenant needs, while the proximity to major employers and recreational amenities further enhances its appeal and ensures high occupancy rates. This is a turnkey investment ready to generate immediate income. The property's Class C designation reflects its solid value and potential for future appreciation. The Broward County location and 33311 zip code solidify its position in a thriving market. This meticulously maintained property offers a rare blend of immediate income generation and long-term growth potential. The detailed financial information and recent renovations make this an attractive opportunity for discerning investors.