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Income/MultiFamily - for Sale

848 NW 2ND AVE, FORT LAUDERDALE, FL 33311

Asking Price$1,050,000

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  • Lot size 6750sqft
  • Year Built 1972
  • Days on market:

    47 day(s)
  • Original Price:

    $1,050,000
  • Tax Legal Description:

    PROGRESSO 2-18 D LOT 47,48 BLK 260
  • Property Type:

    Income/MultiFamily
  • Parking:

    Common
  • Inclusions:

    Building & Land
  • Lease Term Remaining:

    1 To 3 Year Lease
  • Construction Type:

    Cbs ConstructionConcrete Block Construction
  • Roof:

    ShingleBuilt-Up
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Wall/Window Units
  • Floor Description:

    TileOtherVinyl
  • Special Listing Conditions:

    Sale
  • Lot Features:

    City Location

Description

$1,050,000

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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