848 NW 2nd Ave Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33311
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,936 sqft
Price per Sqft $542
MLS Listing ID A11841391
Year Built 1972
Lot Size 6,534 Sqft
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 $8,200 with room for additional upside through future rent increases or improvements. 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
Interior
Heating Window Unit,Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Other,Tile,Vinyl
Exterior
Roof Type Built-Up,Shingle
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Block
Others
Acceptable Financing Cash,Conventional,Owner May Carry,Other
Listing Terms Cash,Conventional,Owner May Carry,Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11841391