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$ 975,000
Est. payment /mo
Pending
848 NW 2nd Ave Fort Lauderdale, FL 33311
1,936 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 1,936 sqft
Price per Sqft $503
MLS Listing ID A11841391
HOA Y/N No
Year Built 1972
Contingent Other
Lot Size 6,534 Sqft
Acres 0.15
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, 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.
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
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
Others
Tax ID 494234063450
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
Listed by Fausto Commercial Realty Consultants Inc
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