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
Swimming Pool
Heating System
Cooling System
Parking
Architectural Style
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:
218
DOM:
218
Flooring:
Tile, Vinyl, Other
Internet Address Display:
1
Internet Listing Display:
1
Listing Terms:
Cash,Conventional,Owner May Carry,Other
Lot Features
Parcel Number:
494234063450
Subdivision Name:
PROGRESSO
Tax Annual Amount:
$10,779
Tax Year:
2024
Utilities
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Residential Income For Sale

848 Nw 2nd Ave, Fort Lauderdale, Florida 33311, Fort Lauderdale, Florida 33311

1,936 Sqft
$975,000
MLS # #A11841385
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$975,000
Square Footage :
1,936 Sqft
Year Built :
1972
MLS # :
A11841385
Property Sub Type :
Quadruplex
Agent info
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