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

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,936 sqft

Price per Sqft $503

Subdivision Progresso

MLS Listing ID A11841385

Style Fourplex

HOA Y/N No

Year Built 1972

Annual Tax Amount $10,779

Tax Year 2024

Contingent Pending Inspections

Property Sub-Type Quadruplex

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 for 3 years with 35% down.

Location

State FL

County Broward

Community Progresso

Area 3810

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Other, Tile, Vinyl

Exterior

Pool None

Utilities Available Cable Available

Roof Type Built-Up,Shingle

Total Parking Spaces 8

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Architectural Style Fourplex

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/A11841385

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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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