848 NW 2nd Ave, Fort Lauderdale, FL 33311

Fort Lauderdale
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
848 NW 2nd Ave,Fort Lauderdale, FL 33311
$975,000
Virtual Tour
  • - Beds
  • - Baths
  • 1,936 sq. ft.
  • Multi-family
  • Active
Listed by: elior levi
Office: fausto commercial realty consultants inc786-748-7373
MLS#:A11841385
Source:SEFMLS

Price summary

  • Price:$975,000
  • Price per sq. ft.:$503.62

About this home

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.

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Home facts

  • Year built:1972
  • Subdivision & Development:PROGRESSO
  • Listing ID #:A11841385
  • Updated:August 07, 2026 at 09:52 AM

Rooms and interior

  • Flooring:Tile, Vinyl
  • Living area:1,936 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Built-Up, Shingle
  • Year built:1972
  • Building area:1,936 sq. ft.
  • Architectural Style:Fourplex
  • Construction Materials:Block
  • Levels:1 Story

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$975,000
  • Price per sq. ft.:$503.62
  • Tax amount:$10,779 (2024)

Parking

  • Total parking spaces:8
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