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Melrose Manors Multifamily Home for Sale

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    $629,000

    • 2,099 Sq Ft

    2610 Riverland Dr, Fort Lauderdale, FL 33312

    Excellent investment with high cap rateOversized duplex generating $5,500/month ($2,600 + $2,900), totaling $66,000/year in gross rental income. Like an ATM for consistent cash flow. Well-maintained with separate electric meters, strong tenants, and low vacancy. 5 parking spaces. Located in a high-demand, rapidly growing Fort Lauderdale area near Walmart, shopping, dining, I-95, and public

    Eyal Melamed ISRAM Realty & Management

    2610 Riverland Dr, Fort Lauderdale, FL 33312

Why Live in Melrose Manors

Melrose Manors, located less than five miles west of downtown Fort Lauderdale, is a centrally located suburb known for its affordability and accessibility. The neighborhood features 1950s ranch-style homes and mid-century modern architecture, with many properties undergoing renovations. Riverland Park serves as a community hub, offering amenities such as a pool, playground, sports courts, and a community center with popular youth programs and events. The neighborhood has a mix of renters and owners, with home prices ranging from $300,000 to $500,000, nearly half the city average. Melrose Manors is well-connected, with direct access to Interstate 95 and the Fort Lauderdale Tri-Rail Station, providing easy travel to Miami and Boca Raton. The Fort Lauderdale-Hollywood International Airport is just four miles away. However, the proximity to major thoroughfares and the airport results in significant noise pollution, particularly in the eastern part of the neighborhood. Dining options within the neighborhood include Sista Sara's Crab House, Flanigan's Seafood, Sunshine Bakery, and Santa Barbara Coffee Shop, known for their Cuban cuisine. Riverland Park occasionally hosts community events like food truck gatherings and movie nights. While the neighborhood's public schools have mixed ratings, private options such as Baldwin Academy and a Catholic elementary and high school are available. Bus lines are limited to Broward Boulevard and Davie Boulevard, making car travel more convenient for residents.

Home Trends in Melrose Manors, FL

Housing Trends

Median Sale Price
$430,000
Median Single Family Sale Price
$435,000
Average Price Per Sq Ft
$325
Number of Homes for Sale
25
Last 12 months Home Sales
57
Months of Supply
5.30
Median List Price
$462,500
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
0%
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