About 848 Nw 2nd Avenue
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!
Features of 848 Nw 2nd Avenue
| MLS® # | A11841391 |
|---|---|
| Price | $975,000 |
| Acres | 0.15 |
| Year Built | 1972 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active Under Contract |
Community Information
| Address | 848 Nw 2nd Avenue |
|---|---|
| Area | 3810 |
| City | Fort Lauderdale |
| County | Broward |
| State | FL |
| Zip Code | 33311 |
| HOPA | No Hopa |
Amenities
| Parking | Common |
|---|
Interior
| Heating | Window/Wall |
|---|---|
| Cooling | Wall/Window Unit(s) |
| # of Stories | 1 |
Exterior
| Roof | Built-Up, Shingle |
|---|---|
| Construction | Block, CBS |
Additional Information
| Zoning | RMM-25 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Fausto Commercial Realty Consultants Inc |
|---|