848 NW 2nd Ave, Fort Lauderdale FL 33311

For sale Days on market 173

PROGRESSO [ Quadruplex ]

$975,000

$504/sq ft

$75,000
Price Decreased

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Overview

Year Built

1972

Sqft

1936

Property 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 $8,200 with room for additional upside through future rent increases or improvements, delivering an attractive 8.13% 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.

Property Details

MLS#

A11841385

Total Floor in Bldg

Building

PROGRESSO

Address

848 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

$10,779

Maint Fee

$--

Tax Year

2024

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