About 1500 Nw 2nd Ave
Unlock the potential of this well-located Ft. Lauderdale duplex, a true value-add investment in one of South FL’s most desirable rental markets. With a projected cap rate of 6%+, this property offers immediate income and significant upside. The current financials do not reflect the property’s full earning potential—rents are substantially below market, presenting a clear opportunity for increased cash flow over time. Both units are currently occupied, providing day-one income for the next owner. Major updates include newer water heaters and A/C units reducing near term capital expenses and adding peace of mind. If you’re looking to add a strong asset to your portfolio, this duplex checks all the boxes: location, stability, and upside. Listing agent related to seller.
Features of 1500 Nw 2nd Ave
| MLS® # | F10541961 |
|---|---|
| Price | $525,000 |
| Bathrooms | 0.00 |
| Square Footage | 744 |
| Year Built | 1973 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Style | Attached |
| Status | Active Under Contract |
Community Information
| Address | 1500 Nw 2nd Ave |
|---|---|
| Area | 3390 |
| Subdivision | Progresso 2-18 D |
| City | Fort Lauderdale |
| County | Broward County |
| State | FL |
| Zip Code | 33311-5548 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central Heat |
|---|---|
| Cooling | Ceiling Fans, Central Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1.0000 |
Exterior
| Lot Description | Less Than 1/4 Acre Lot |
|---|---|
| Roof | Comp Shingle Roof |
| Construction | Concrete Block Construction |
Additional Information
| Zoning | RDS-15 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Charles Rutenberg Realty Orlan |
|---|