848 NW 2nd AVE, Fort Lauderdale, FL 33311
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848 NW 2nd AVE, Fort Lauderdale, FL 33311
848 NW 2nd AVE, Fort Lauderdale, FL 33311
848 NW 2nd AVE, Fort Lauderdale, FL 33311
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 Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,936 sqft

Price per Sqft $503

Subdivision Progresso

MLS Listing ID A11841385

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 1936

Year Built 1972

Annual Tax Amount $10,779

Tax Year 2024

Contingent Inspection

Property Sub-Type Quadruplex

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.

Location

State FL

County Broward

Area 3810

Zoning RMM-25

Interior

Interior Features InteriorFeatures

Heating Separate Meters, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Other, Tile, Vinyl

Fireplace No

Exterior

Utilities Available Cable Available

Roof Type Built-Up,Shingle

Total Parking Spaces 8

Private Pool No

Building

Dwelling Type Multi Family

Story 1

Sewer Public Sewer

Structure Type Block

New Construction No

Construction Status Resale

Schools

Elementary Schools North Side

Middle Schools Sunrise

High Schools Fort Lauderdale

Others

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/A11841385

BeachesMLS, Inc. (FLR) IDX
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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