2771 2Nd St Fort Lauderdale, FL 33312
This exceptional investment opportunity presents a well-maintained, four-unit apartment building located in the desirable Melrose Manor neighborhood of Fort Lauderdale, Florida. Built in 1959, this two-story building boasts four apartments, each featuring two bedrooms and one bathroom. Recently renovated externally, the property is in great condition and currently occupied by tenants, providing immediate cash flow. The strategic location offers easy access to public transportation, including bus stops and the Tri-Rail, as well as convenient proximity to I-95. The building also includes valuable storage space, adding to its overall appeal. Situated in a rapidly growing area with significant potential for future appreciation, this property represents a compelling investment opportunity for discerning buyers. The asking price reflects a strong value proposition in a consistently sought-after market. This is a turnkey investment ready to generate income from day one. The property is priced to sell and presents a rare chance to acquire a stable, cash-flowing asset in a prime Fort Lauderdale location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.