$1,250,000
Active
1d
$1,250,000
3400 Galt Ocean #1704S
Fort Lauderdale, FL 33308
3 bd2 ba1,662 sqft
Southpoint Condo
$985,000105 days on marketActive
1225 NW 2nd Street, Fort Lauderdale, FL 33311
Fort Lauderdale, FL 33311
2,183
Sq Ft
$451
$/Sq Ft
1960
Year Built
Listing Snapshot
| List Price | $985,000 |
| Price / Sq Ft | $451 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 2,183 sqft |
| Year Built | 1960 |
| Property Tax | $11,015/yr |
| MLS # | 1156398449 |
| Status | Active |
| Days on Market | 105 |
About This Home
Turnkey 4-unit multifamily offering immediate cash flow at a 6% cap rate, currently generating $83,100 in annual revenue, featuring 2 two-bedroom units and 2 one-bedroom units, with 3 of 4 units fully renovated. Property includes new stainless steel appliances, separate water and electric meters, new water heaters, a new flat roof (2025), assigned parking for each unit, and leases in place with security deposits, all with no open permits and professionally managed. Ideal for a 1031 exchange buyer seeking a clean, stabilized asset with additional upside through renovation of the 4th unit, potential to add on-site laundry, and future rent increases in a desirable and growing area. Water, sewer & trash is $210/mo for all units. Minutes from the I-95, Walmart and other commercial shops along W Broward Dr.Showings subject to accepted offer. Please do not disturb tenants.
General Features
- Property Type
- ResidentialIncome
- Sub-type
- Quadruplex
- Stories
- 1
- Parking Spaces
- 4
- Zoning
- RMM-25
- Utilities
- CableAvailable
- Subdivision
- SEMINOLE FOREST
Interior Features
- Flooring
- Other
- Heating
- None,SeparateMeters
- Cooling
- WallWindowUnits
Exterior Features
- Construction
- Block
- Roof
- Other
- Pool
- No
- Waterfront
- No
- Waterfront Features
- None
Community Features
- MLS Area
- 3460
Schools
ElementaryNorth Fork
MiddleParkway
HighStranahan
Map
Virtual Tour
View Virtual TourListed by Dan Avital · Compass Florida, LLC
MLS# 1156398449 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1156398449 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $788,000
%
Est. Monthly$6,293
Principal & Interest$5,376
Property Tax$918
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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