848 NW 2nd Ave, Fort Lauderdale FL 33311,Fort Lauderdale,Broward County,Commercial Sale
- $975,000
848 NW 2nd Ave, Fort Lauderdale FL 33311,Fort Lauderdale,Broward County,Commercial Sale
- $975,000
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 $8,200 with room for additional upside through future rent increases or improvements, delivering an attractive 8.13% 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.
Overview
- Income/MultiFamily
- sqft
- 0.15 sqft
- 1972
- A11841391
Details
Actualizado en marzo 31, 2026 a 12:24 am-
Property ID A11841391
-
Price $975,000
-
Land Area 0.15 sqft
-
Year Built 1972
-
Type Income/MultiFamily
Additional details
-
Aire Acondicionado Wall/Window Unit(s)
-
Tamaño del lote 6750
-
Cantidad de fotos 20
-
Nombre de la calle 2nd Ave
-
Número de la calle 848
Address
Open on Google Maps-
Address: 2nd Ave
-
City: Fort Lauderdale
-
State/county: Broward County
-
Zip/Postal Code: 33311
Mortgage Calculator
Monthly
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
