848 Nw 2nd Ave, Fort Lauderdale, FL 33311
- $975,000
- 1,936
- SqFt
- List Price
- $975,000
- Days on Market
- 347
- Price Change
- ▼ $75,000 1767652253
- MLS#
- A11841385
- Year Built
- 1972
- Living Area
- 1,936
- Building Name
- Progresso
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.
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Additional Information
- Taxes
- $10,779
- Community Features
- Progresso
- Property Description
- Quadruplex, Fourplex
- Zoning
- RMM-25
- Heating
- Window/Wall
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Concrete Block Construction, CBS Construction
- Roof
- Built-Up, Shingle
Listing Courtesy Of Fausto Commercial Realty Consultants Inc, Contact: