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 $8,774 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!

This income/multifamily home located at 848 NW 2nd Ave, Fort Lauderdale FL 33311 is currently for sale and has been available on Brickellsold for 258 days. This property is listed at $975K. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1972. 848 NW 2nd Ave, Fort Lauderdale FL 33311 is in Fort Lauderdale county Broward County.