848 NW 2nd Ave, Fort Lauderdale FL 33311

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, delivering an attractive 8.13% 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.

This quadruplex home located at 848 NW 2nd Ave, Fort Lauderdale FL 33311 is currently for sale and has been available on Brickellsold for 214 days. This property is listed at $975K. It has N/A beds, N/A bathrooms, and is 1936 square feet. It was built in 1972. 848 NW 2nd Ave, Fort Lauderdale FL 33311 is in Fort Lauderdale county Broward County.