848 NW 2nd Avenue, Fort Lauderdale, FL 33311
- $975,000
- 1,936
- SqFt
- List Price
- $975,000
- Days on Market
- 347
- MLS#
- A11841385
- Sq. Ft
- 1,936
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Progresso
- Year Built
- 1972
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 $8,774 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.
Additional Information
- Construction
- Block
- Cooling
- Wall/Window Unit(s)
- Flooring
- Other, Tile, Vinyl
- Heating
- Separate Meters, Wall Furnace
- Roof
- Built-Up, Shingle
- Taxes
- $10,779
- Utilities
- Cable Available
- Stories
- 1
- Price Per Sqft
- $503
- Elementary School
- North Side
- Middle School
- Sunrise
- High School
- Fort Lauderdale
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Listing courtesy of Fausto Commercial Realty Consultants Inc. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Elior Levi | Email: elevi@faustocommercial.com