1275 SW 36th Ave, Fort Lauderdale FL 33312

For sale Days on market 17

BREEZYWAY MANOR SEC [ Quadruplex ]

$1,000,000

$482/sq ft

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Overview

Year Built

1974

Sqft

2074

Property Type

Quadruplex

Property Description

Four-unit multifamily investment opportunity in the established Sunset neighborhood of Fort Lauderdale. The property consists of four 1-bedroom/1-bathroom units within a 2,074 SF building on a 5,234 SF lot, zoned RD-15. All four units are currently occupied and leased, generating $72,000 in gross annual income with a current NOI of $49,078 (4.91% cap rate) at the $1,000,000 asking price. The value-add opportunity is clear: in-place rents average $1,500/unit against a market rate of $1,850/unit. Repositioning all four units to market adds $16,800 in gross annual income, lifting NOI to $65,878 and pushing the proforma cap rate to 6.59% — with no change to unit count or footprint. Property features include recently renovated appliances, central A/C, a 6-year-old roof with proper maintenance, and public sewer service. Annual operating expenses total $22,922, inclusive of real estate taxes ($14,622), insurance ($3,500), water/sewer ($2,400), and maintenance ($2,400). Priced at $482/SF and $250,000 per unit. Interior photos pending. Seller response time may be delayed — pre-qualified buyers are encouraged. All figures are owner-reported; buyer to independently verify prior to purchase.

Property Details

MLS#

A12041646

Total Floor in Bldg

Building

BREEZYWAY MANOR SEC

Address

1275 36th Ave SW

City

Fort Lauderdale

State/county

Zip/Postal Code

33312

Area

Breezyway Manor Sec

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$14,622

Maint Fee

$--

Tax Year

2025

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