Interior
- Bathrooms
- 0
- Living area
- 1,368 sq ft
Active · Duplex
$640,000
1118-1120 NW 2nd Ave, Fort Lauderdale, FL 33311
- Beds
- —
- Baths
- 0
- Living area
- 1,368 sq ft
- $ / sq ft
- $468/sq ft
- Year built
- 1961
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
About this property
Excellent investment opportunity in an unbeatable location. This duplex is strategically located near US-1, Las Olas Boulevard, and just minutes from the beach. The property features two independent 1-bedroom, 1-bathroom apartments, both currently rented, guaranteeing immediate income. It includes new appliances and a large private yard with great potential for expansion or further development. This is an ideal property for investors seeking profitability and appreciation in one of the most desirable areas.
Property location
Get Directions1118-1120 NW 2nd Ave, Fort Lauderdale, FL 33311
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Facts & features
Exterior & Structure
- Property type
- Duplex
- Year built
- 1961
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Broward
- MLS listing ID
- A11954456
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$621
- Cap rate
- 4.5%
- Net yield
- 4.5%
- Cash-on-cash return
- -4.2%
- Gross yield
- 7.9%
- Mortgage payment
- $3,034/mo
- Down payment
- $160,000
- Loan amount
- $480,000
- Annual NOI
- $28,958
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.