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Gelfand Realty Miami Properties for Sale - Multi Family for Sale

848 NW 2ND AVE, FORT LAUDERDALE, FL 33311

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Multi Family - PROGRESSO for Sale

848 NW 2ND AVE, FORT LAUDERDALE, FL 33311

Asking Price$1,050,000

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  • Days on market:

    47 day(s)
  • Adjusted Area:

    1936 sqft
  • Original Price:

    $1,050,000
  • Price per sqft:

    $542.36
  • Tax Legal Description:

    PROGRESSO 2-18 D LOT 47,48 BLK 260
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Style:

    Fourplex
  • Construction Type:

    Cbs ConstructionConcrete Block Construction
  • Roof:

    ShingleBuilt-Up
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Window/Wall
  • Floor Description:

    TileOtherVinyl
  • Lot Features:

    Less Than 1/4 Acre Lot
  • Type of Association:

    None

Description

$1,050,000 • living size area 1936 sqft

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. 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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