848 NW 2nd Ave, Fort Lauderdale, FL 33311
848 NW 2nd Ave, Fort Lauderdale, FL 33311
848 NW 2nd Ave, Fort Lauderdale, FL 33311
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Kate Zhurko

Kate Zhurko

+1(954) 734-5980
$975,000
Est. payment /mo
1,936 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active Under Contract

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 Pending Inspections

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 $8,774 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!

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

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

Nearby School & Business

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Kate Zhurko
Kate Zhurko

Broker Associate | License ID: 3229050

+1(954) 734-5980

1200 E Las Olas Blvd Suite 102, Lauderdale, FL 33301, United States

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