1515 NW 2nd Ave

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Address: 1515 NW 2nd Ave, Fort Lauderdale, FL 33311, USA

Florida & Gulf Coast + Apartment Buildings

Created date: July 28, 2026

Date last updated: November 12, 2026

Price: $425,000Investment Analyzer NEW!

Property Description

6.57% EST. CAP RATE!! Fully rented duplex near highly desirable Wilton Manors generating $3,600/month in rental income. Tenants pay water and electricity, helping keep owner expenses low and providing immediate income from day one. Each unit offers its own washer/dryer, water heater, separate electric meter and private backyard-features that support tenant privacy and long-term rental appeal. Property features no cloth wiring and newer appliances. Long-term tenants are already in place with active leases. Minutes from Wilton Manors, Las Olas, Flagler Village, Sistrunk Marketplace, Downtown Fort Lauderdale and the beach. Sold AS-IS with no surprises: full inspection, 4-point, wind mitigation and contractor estimates for roof replacement and cast-iron line lining are available to buyers. Short sale subject to lender approval. Ideal for buy-and-hold or 1031 exchange investors.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$425,000
Year Built:	1963
Lot Size:	1,523.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here
Number of Bedrooms:	3
Number of Bathrooms:	0

Address: 1515 NW 2nd Ave, Fort Lauderdale, FL 33311, USA

Provided by:

Standard Status: Active

MLS Listing Number: A12051695
ID: 3yd-MAORFL-A12051695

Copyright Disclaimer: Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Analyzer

Step 1Financing Calculation

Purchase Price *

Down Payment *

Financed Amount

Term (Years) *

# of Payments Per Year *

Total Payments

Annual Interest Rate *

Monthly P&I

Annual P&I

Step 2Gross Rent Analysis

Please enter annual amounts.

Gross Rent *

Management Fee

Maintenance Reserve

Insurance

Property Taxes

Vacancy Reserve

Utilities

Misc. Expenses

Monthly Net Income

Annual Net Income

Step 3Cap Rate Calculation

Comparable Cap Rates *

Price Based on Cap Rate

Cap Rate Based on Price

Step 4Final Deal Analysis

Monthly Cashflow

Annual Cashflow

Cash on Cash Return

Overall Return on Full Price

Annual Approx. Depreciation

Annual Approx Market Appreciation

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Brokers

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Remax Real Estate Professionals

Re/Max Real Estate Professionals
Jared Ennis

Central CA Commercial | California
Rick Recckio

Recckio Real Estate & Development
Greg Corbin

Northgate Real Estate Group

Lenders

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Management

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1515 NW 2nd Ave

Property Description

Request Information

Broker Details

Key Property Information

Investment Analyzer

Step 1Financing Calculation

Step 2Gross Rent Analysis

Step 3Cap Rate Calculation

Step 4Final Deal Analysis

Similar Properties in the Area

1029 BRADY Street

1624 ARECA PALM Drive

7001 HIBISCUS Avenue S

Brokers

Remax Real Estate Professionals

Jared Ennis

Rick Recckio

Greg Corbin

Lenders

Management

Essex Property Trust, Inc.

Josh A

Bob Tuteur

Andrew Schildcrout