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:
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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
Agent info
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