1515 NW 2nd Ave, Fort Lauderdale FL 33311

For sale Days on market 392

PROGRESSO [ Duplex ]

$540,000

$355/sq ft

$110,000
Price Decreased

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Overview

Year Built

1963

Sqft

1523

Property Type

Duplex

Property Description

4.88% ROI! Incredible investment opportunity just steps from Wilton Manors—one of South Florida’s most desirable and rapidly growing rental markets. This fully rented duplex produces $3,600/month with an estimated 4.88% cap rate, offering immediate cash flow with long-term upside. Each unit has its own washer/dryer, water heater, private electric meter, and spacious backyard—ideal for tenants seeking comfort and privacy. Recent updates include PVC plumbing (no cast iron), no cloth wiring, and newer appliances. Located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants in place with active leases. Whether you're looking for a strong ROI, a 1031 exchange, or a turnkey asset in a prime location.

Property Details

MLS#

A11718487

Total Floor in Bldg

Building

PROGRESSO

Address

1515 2nd Ave NW

City

Fort Lauderdale

State/county

Zip/Postal Code

33311

Area

Progresso

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$9,702

Maint Fee

$--

Tax Year

2024

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