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Property profile & analytics
OFF-MARKET
Apartment buildings

2771 2Nd St Fort Lauderdale, FL 33312

Built 1959
Entity Owned 4-yr Hold
Property ID
US18-1182730
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1959
UPID US18-1182730
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Meog LLC · 4 yrs held
Meog LLC
since 2022
2 recorded transactions
2022
$869,000
2019
$390,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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