741 NW 2nd Ave new Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33311
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,934 sqft
Price per Sqft $337
Subdivision Progresso 2-18 D
MLS Listing ID F10519705
Style Duplex
Year Built 2017
Annual Tax Amount $7,194
Tax Year 2024
Property Sub-Type Duplex
Property Description
Rare chance to own both sides of a modern 2017-built, fee-simple twinhome in booming Progresso Village, Fort Lauderdale. Each unit offers 3 bedrooms/2 bathrooms, high ceilings and a 1-car garage. Strong rental comps support a 5.5%+ cap rate, w/ insurance under $2,200/year and property sits on high elevation. Low vacanies in the area. In a Opportunity Zone to help minimize future potential capital gains. Nearby $700M+ development- FAT VILLAGE, 20 approved plans underway. Separate folio & expenses and can be sold individually at $495K. High rental demand, proven value, and long-term upside make this a solid, cash-flowing asset in one of Fort Lauderdale's fastest-growing areas. Previous Buyer's DSCR loan fell through — bank appraisal came in at value with recent rental comps at $3,200/month.
Location
State FL
County Broward County
Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)
Zoning RMM-25
Interior
Heating Central Heat
Cooling Ceiling Fans,Central Cooling
Flooring Tile Floors
Exterior
Roof Type Comp Shingle Roof
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Others
Acceptable Financing Cash,Conventional,Other Terms
Listing Terms Cash,Conventional,Other Terms
Special Listing Condition As Is
Virtual Tour https://www.propertypanorama.com/741-NW-2nd-Ave-Fort-Lauderdale-FL-33311/unbranded