1275 SW 36th Ave, Fort Lauderdale FL 33312

Welcome to a compelling multifamily investment opportunity in Fort Lauderdale’s established Sunset neighborhood. Located in Broward County, 1275 SW 36th Ave, Fort Lauderdale FL 33312 is a four-unit residential income property in BREEZYWAY MANOR SEC. Built in 1974, this well-positioned quadruplex offers four one-bedroom, one-bathroom units within a 2,074 square foot building on a 5,234 square foot lot zoned RD-15.

All four units are currently occupied and leased, producing $72,000 in gross annual income. The current net operating income is $49,078, representing a 4.91% cap rate at the $1,000,000 asking price. The property is priced at $482 per square foot and $250,000 per unit.

The upside is especially attractive. Current rents average $1,500 per unit, while estimated market rents are approximately $1,850 per unit. Bringing all four units to market rent could add $16,800 in gross annual income, increasing projected NOI to $65,878 and raising the pro forma cap rate to 6.59%, without changing the existing unit count or building footprint.

Property features include recently renovated appliances, central air conditioning, central and other heating, a six-year-old roof with proper maintenance, and public sewer service. Annual operating expenses total $22,922, including real estate taxes of $14,622, insurance of $3,500, water and sewer costs of $2,400, and maintenance expenses of $2,400.

Fort Lauderdale offers the best of South Florida living, with warm weather throughout much of the year, beautiful beaches, boating, dining, shopping, nightlife, and convenient access to Miami, major highways, Fort Lauderdale-Hollywood International Airport, and a wide range of entertainment and business destinations.

Interior photos are pending. Seller response time may be delayed, so pre-qualified buyers are encouraged to inquire. All figures are owner-reported and should be independently verified by the buyer prior to purchase.

For more information or to schedule a conversation, call or message +1 786.468.4380 by Tel/WhatsApp.