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1132 NW 2nd St
Fort Lauderdale, FL 33311 Dorse Riverbend

$880,000 USD

Apartments For Sale • 3,106 SF

Property Details

Property Type Apartments
Total Building Size 3,106 SF
Lot Size 0.16 AC
Building Class C
Year Built 1961
Cap Rate 8.91 %
Zoning RMM-25

52 Transit Score

71 Walk Score

                
                    Highlights
                
                                Well maintained 4plex with all 2 Bedroom/1 Bath Units!
                            
                                Can be close to a 9% cap rate opportunity after simply raising rents to market value!
                            
                                Minutes from Downtown Fort Lauderdale and the beach!
                            
                                Individual water and electric meters for all units, therefore reducing owner expenses!

Property Flyers

1132 NW 2ND ST,-ARUNM-ELEVI-FLYER

Financial Summary (Proforma)

Net Operating Income: $78,430 USD (2025)

Cap Rate:	8.91 %
Total Expenses:	$15,170 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
	2 min	18 min	0.7 mi
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	5 min	-	1.8 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	13 min	-	6.6 mi
Miami International	50 min	-	31.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Arun Mohan 931-319-7072 Fausto Commercial Realty Consultants

1132 NW 2nd St Fort Lauderdale, FL 33311 Dorse Riverbend