3750 SW 1ST Street # 7, Fort Lauderdale FL 33312

$869,000

Description

7-unit multifamily building located in Melrose Park. Fully rented long term tenants and all tenants are month to month. Units need updating to kitchens and bathrooms and needs new roof. Perfect value add property or immediate income producer. Buyer can assume 6% mortgage currently held by owner Total Monthly rent: $8,085 Electric: $680, Water: $300, Trash: $300, Lawn: $100, Property Taxes: $20,585 Total Yearly rent: $97,020 Total yearly expenses: $37,145 ROI: 6.9%

Listing courtesy of Alexander Samuel Glaser, United Realty Group Inc · Updated 11/7/2026