$975,000
 $5,234 est/mo Sourced by Back At You

848 NW 2nd Ave,Fort Lauderdale, FL 33311

Fort Lauderdale, FL 33311

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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 tenantsmost 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!

Details

MLS #A11841391
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1972
Days On Site402
Listing Provided ByFausto Commercial Realty Consultants Inc | Elior Levi

Features

SQ Feet1,936
Story(s)1
Units5
ZoningRMM-25
Acreage0.15

Parking

Parking FeaturesCommon

Area Information

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33311
Area3810
SubareaFt Ldale NW(3390 3400;3460;3540 3560;3720;3810)
Sourced by Back At You

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Learn More About This Property

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33311
Area3810
SubareaFt Ldale NW(3390 3400;3460;3540 3560;3720;3810)
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $731K - $1.218M
sqft: 1,000 - 2,000
Listing Updated: July 19, 2026 at 5:15:54 AM PDT
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