848 Nw 2nd Ave, Fort Lauderdale, FL 33311
- $975,000
- 1,936
- SqFt
- List Price
- $975,000
- Price Change
- ▼ $75,000 1767652253
- MLS
- A11841385
- Complex Name
- Progresso
- Status
- ACTIVE WITH CONTRACT
- Type
- Multifamily
- Living Area
- 1,936
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
- Days on Market
- 347
- Style
- Quadruplex, Fourplex
- #Parking Spaces
- 8
- Year Built
- 1972
- Development Name
- Progresso
- #Stories
- 1
- Construction Type
- Concrete Block Construction, CBS Construction
- Section
- 34
Mortgage Calculator
Listing Courtesy of Fausto Commercial Realty Consultants Inc, Contact: