Presenting 1521 SE 2nd Ct, a turnkey 8-unit multifamily gem in the heart of Las Olas, steps from top shopping, dining, and close to the beach. This mostly renovated property includes seven 1-bed/1-bath units and one spacious 2-bed/1-bath unit, many featuring new flooring, kitchen cabinets, and bathrooms. The freshly painted exterior adds durability and curb appeal. With the 40-Year Re-certification completed in 2022 and occupancy increasing, the property is set to generate over $190,000 annually, offering a 7.14% cap rate—potentially higher if used as a vacation rental. Seller financing available with attractive terms!
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$9,550
Per Month
Principal & Interest
$9,483
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,763
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
10
/10
Virginia Shuman Young Elementary School
101 NE 11th Ave
Distance between this listing and this school0.39 miles
Public Magnet Grades PK-5
4
/10
Charter School of Excellence
1217 SE 3rd Ave
Distance between this listing and this school1.21 miles
Public Charter Grades KG-5
8
/10
Harbordale Elementary School
900 SE 15th St
Distance between this listing and this school1.30 miles
Public District Grades KG-5
Nearby Schools
4
/10
Sunrise Middle School
1750 NE 14th St
Distance between this listing and this school1.64 miles
Public Magnet Grades 6-8
7
/10
Somerset Academy Village Charter Middle School
225 NW 29th St
Distance between this listing and this school3.22 miles
Public Charter Grades 6-8
3
/10
William Dandy Middle School
2400 NW 26th St
Distance between this listing and this school3.87 miles
Public Magnet Grades 6-8
Nearby Schools
1
/10
Sunrise High School
424 W Sunrise Blvd
Distance between this listing and this school1.70 miles
Public Charter Grades 9-12
7
/10
Fort Lauderdale High School
1600 NE 4th Ave
Distance between this listing and this school2.09 miles
Public Magnet Grades 9-12
3
/10
Stranahan High School
1800 SW 5th Pl
Distance between this listing and this school2.44 miles
The neighbors living near this home have an average income of $70,511. Residents of Fort Lauderdale, FL typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
This home is located at 1521 SE 2nd Ct in Fort Lauderdale, FL and zip code 33301 in the Colee Hammock neighborhood. This 5,006 square foot home was built in 1962. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $1,900,000.
In November 2024 more than 9 listings in Fort Lauderdale, FL were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 70 were sold below. The number of listings in Fort Lauderdale, FL increased by 11.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 84 days, the median list price was $480,941.
From Rocket Homes Real Estate and based on county public records data.