848 NW 2nd AVE, Fort Lauderdale, FL 33311
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Teresa Santana

Teresa Santana

+1(954) 873-1586
$ 975,000
Est. payment /mo
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Active Under Contract

848 NW 2nd AVE Fort Lauderdale, FL 33311

1,936 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,936 sqft

Price per Sqft $503

MLS Listing ID A11841391

HOA Y/N No

Year Built 1972

Contingent Inspection

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Multi Family

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!

Location

State FL

County Broward

Area 3810

Region Fort Lauderdale

City Region Fort Lauderdale

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Other, Tile, Vinyl

Fireplace No

Exterior

Parking Features Common

Water Access Desc Public

Roof Type Built-Up,Shingle

Building

Lot Description City Lot, < 1/4 Acre

Story 1

Sewer Public Sewer

Water Public

Others

Pets Allowed No

Tax ID 494234063450

Acceptable Financing Cash, Conventional, Owner Will Carry, Other

Listing Terms Cash, Conventional, Owner Will Carry, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11841391

BeachesMLS, Inc. (FLR) VOW
Listed by Elior Levi Fausto Commercial Realty Consultants Inc

NEARBY SCHOOLS & PROPERTIES

Teresa Santana

Teresa Santana

CEO | comp3055437

+1(954) 873-1586

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848 NW 2nd AVE

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