848 NW 2nd Ave, Fort Lauderdale FL 33311 — #A11841385
- $975K
- $975K
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.
This listing is courtesy of Fausto Commercial Realty Consultants Inc
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Overview
- Quadruplex
- 1936 sqft
- 1972
- A11841385
Details
Updated on June 8, 2026 at 1:44 pm-
Property ID A11841385
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Price $975K
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Property Size 1936 sqft
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Year Built 1972
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Type Quadruplex
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Property Status For Sale
Address
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Address: 848 NW 2nd Ave
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City: Fort Lauderdale
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State/county: Florida
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Zip/Postal Code: 33311
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Area: PROGRESSO
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Country: United States
- JFA Realtors
