Fort Lauderdale, FL 33311 848 NW 2nd Ave
$1,050,000
15 more
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Beds • 3
Baths • 5
SQFT • 1,936
Home Details
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 $8,200 with room for additional upside through future rent increases or improvements. 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.
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Interior Features for 848 NW 2nd Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringOther, Tile, Vinyl
Heating Y/NYes
General for 848 NW 2nd Ave
Additional Parcels Y/NNo
Architectural StyleFourplex
Attached Garage No
Carport Y/NNo
CityFort Lauderdale
Construction MaterialsBlock
CoolingWallWindowUnits
CountyBroward
Garage Y/NNo
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionPROGRESSO 2-18 D LOT 47, 48 BLK 260
LevelsOne
Listing TermsCash, Conventional, OwnerMayCarry, Other
Lot Size UnitsSquareFeet
MLS Area3810
MLS Area MinorFt Ldale NW(3390-3400;3460;3540-3560;3720;3810)
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeCallAgent
Pool FeaturesNone
PossessionClosingAndFunding
PostalCityFort Lauderdale
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Rent IncludesGardener, HotWater, Other, PestControl, Sewer, TrashCollection, Water
RoofBuiltUp, Shingle
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsCall Listing Agent
Standard StatusActive
StatusActive
Stories Count1
Subdivision NamePROGRESSO
Tax Annual Amount10779.0
Tax Year2024
UtilitiesCableAvailable
Virtual TourClick here
Year Built1972
Year Built DetailsResale
Zoning DescriptionRMM-25
Exterior for 848 NW 2nd Ave
Building Area Total1936.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLessThanQuarterAcre
Private PoolNo
SpaNo
Total Parking8.0
Waterfront Y/NNo
Additional Details
Price History
Ernesto Vega
Broker/President
