1202 NE 3rd Ave 5 Unit Apartment Building $1,687,736 CAD ($337,547 CAD/Unit) 7% Cap Rate Fort Lauderdale, FL 33304

Fully Renovated Income Property/ Each unit have washer/dryer /6parking spaces on site.
CASH-ONLY / SOLD AS-IS.
A rare A+ location just ~5 minutes to Downtown Fort Lauderdale and Wilton Manors, ~10 minutes to the beach. This turnkey asset has been hardened and modernized for low maintenance and operational efficiency—ideal for a yield-focused buyer.
Major improvements completed:
New metal roof;
Full impact windows & doors;
New solar panel system (offsets operating costs);
New asphalt & professional landscaping;
Property-wide water filtration system;
RING cameras with 24/7 security monitoring;
Two separate buildings connected by a breezeway with a hurricane-rated roof;
Beautiful gated common patio between the two buildings;
New appliances included.
Current configuration & income:
Five rentable spaces — (2 studios, two 1b/1b, one 2b/1b)
producing $8,800/month gross ($105,600/year).
Records indicate Duplex; operating as five rentable spaces (non-conforming).
The property is priced to reflect its non-conforming configuration; buyer assumes responsibility for all due diligence regarding zoning, legal use, and unit count.
Disclosures: Seller/listing agent make no warranties regarding legal use or conformity. Buyer to verify all zoning, licensing, fire/life-safety, parking, insurance, and tax implications to buyer’s satisfaction.
Do not disturb tenants. POF required before any access. Showings coordinated with listing agent only.