$1,780,000
SOLD FEB 28, 2025
-- Bed
-- Bath
5,006 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$356 Per Sq Ft

6% Below List Price

87 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Harbordale Elementary School Rated A-
  • Tile Flooring
  • 4-minute walk to Colee Hammock Park

About This Home

As of February 2025

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!

Last Agent to Sell the Property

Elior Levi

Fausto Commercial Realty Consultants Inc License #3574869

Last Buyer's Agent

Elior Levi

Fausto Commercial Realty Consultants Inc License #3574869

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,901

Year Built

  • Built in 1962

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Built-Up Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,006 Sq Ft Home
  • 2-Story Property

Flooring

  • Tile
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Colee Hammock Condos
  • Colee Hammock Subdivision

Listing and Financial Details

  • Rent includes gardener, pest control, sewer, trash collection, water
  • Assessor Parcel Number 504211012540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,901

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1962
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: COLEE HAMMOCK
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other, Tile, Vinyl
  • Living Area: 5006
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Built-Up
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: COLEE HAMMOCK
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 504211012540
  • Zoning: RC-15
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Pest Control, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 26901

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 8

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $1,780,000 -6.3% $356 / Sq Ft
02/13/2025 02/13/25 Pending -- -- --
11/18/2024 11/18/24 For Sale $1,900,000 -- $380 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11696103

MIAMI REALTORS® MLS

APN: 50-42-11-01-2540