4.88% ROI! Incredible investment opportunity just steps from Wilton Manors—one of South Florida’s most desirable and rapidly growing rental markets. This fully rented duplex produces $3,600/month with an estimated 4.88% cap rate, offering immediate cash flow with long-term upside. Each unit has its own washer/dryer, water heater, private electric meter, and spacious backyard—ideal for tenants seeking comfort and privacy. Recent updates include PVC plumbing (no cast iron), no cloth wiring, and newer appliances. Located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants in place with active leases. Whether you’re looking for a strong ROI, a 1031 exchange, or a turnkey asset in a prime location.
- Swimming Pool
- Heating System
- Cooling System
- Patio:
- Patio
- Parking
- Roof:
- Shingle
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33311
- Street:
- 1515 Nw 2nd Ave, Fort Lauderdale, Florida 33311
- Longitude:
- W81° 51' 12.5''
- Latitude:
- N26° 8' 45.4''
- Building Area:
- 1,523 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 392
- DOM:
- 398
- Directions:
- Take I-95 to Sunrise Blvd and head east. Turn left (north) on NW 9th Ave (Powerline Rd), then right on NW 15th St. Turn left on NW 2nd Ave. Property is on the left side.
- Exterior Features
- Flooring:
- Terrazzo
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash, Conventional
- Lot Features
- Parcel Number:
- 494234016370
- Subdivision Name:
- PROGRESSO
- Tax Annual Amount:
- $9,702
- Tax Year:
- 2024
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
1515 Nw 2nd Ave, Fort Lauderdale, Florida 33311, Fort Lauderdale, Florida 33311
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $540,000
- Square Footage :
- 1,523 Sqft
- Year Built :
- 1963
- MLS # :
- A11718487
- Property Sub Type :
- Duplex
