Property Description
Prime 5-unit multifamily in booming Progresso Village, just minutes from Flagler Village, the Brightline station, and the beach. Fully occupied and cash flowing from day one, the property features three 1-bed/1-bath units and two studios, all rented to long-term tenants—most over 5 years. Current monthly income is $8,774 with room for additional upside through future rent increases or improvements, delivering an attractive 8.83% cap rate. Interiors have been lightly updated, and the property includes separate electric meters and low-maintenance operations. Zoned RMM-25 with redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors. Rare seller financing offered at 5.5% interest-only for 3 years with 35% down.
Features
- Heating System
- Cooling System
- Parking Features
- Roof:
- Shingle, Built-up
- Sewer
Address Map
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33311
- Street:
- 848 Nw 2nd Ave, Fort Lauderdale, Florida 33311
- Longitude:
- W81° 51' 14.7''
- Latitude:
- N26° 8' 2.7''
MLS Addon
- Building Area:
- 1,936 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 795
- DOM:
- 217
- Flooring:
- Tile, Vinyl, Other
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lease Term:
- 36 Months
- Listing Terms:
- Cash,Conventional,Owner May Carry,Other
- Parcel Number:
- 494234063450
- Structure Type:
- Apartment
- Virtual Tour:
- Click Here
Commercial Sale For Sale
848 Nw 2nd Ave, Fort Lauderdale, Florida 33311, Fort Lauderdale, Florida 33311
6,750 Sqft
$975,000
MLS # #A11841391
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $975,000
- Year Built :
- 1972
- Lot Area :
- 6,750 Sqft
- MLS # :
- A11841391
- Property Sub Type :
- Multi Family
