Fort Lauderdale, FL 33311 848 NW 2nd Ave
$975,000
15 more
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc
Beds • 3
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 $8,774 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!
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc
Interior Features for 848 NW 2nd Ave
Bedrooms
Total Bedrooms3
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringOther, Tile, Vinyl
Heating Y/NYes
General for 848 NW 2nd Ave
CityFort Lauderdale
Construction MaterialsBlock
CoolingWall/Window Unit(s)
CountyBroward
Full Baths
HeatingWindow Unit, Wall Furnace
Legal DescriptionPROGRESSO 2-18 D LOT 47, 48 BLK 260
LevelsOne
Listing TermsCash, Conventional, Owner May Carry, Other
Lot Size Square Feet6750
Lot Size UnitsSquare Feet
MLS Area3810
MLS Area MinorFt Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Number Of Units Total5
Occupancy TypeCall Agent
Ok to Lease36 Months
PossessionClosing & Funding
PostalCityFort Lauderdale
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofBuilt-Up, Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count1
Structure TypeApartment
Virtual TourClick here
Year Built1972
Zoning DescriptionRMM-25
Exterior for 848 NW 2nd Ave
Building Area Total1936
Covered Spaces
Lot Size Acres0.15
Lot Size Area6750
Parking FeaturesCommon
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Andreina Hernandez
Realtor®
