848 Nw 2nd Ave, Fort Lauderdale, FL 33311
- $900,000
- Sold Price
- $900,000
- List Price
- $975,000
- Closing Date
- Sep 21, 2026
- MLS#
- A11841391
- Status
- CLOSED
- Type
- Commercial
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!
Additional Information
- Days on Market
- 347
- Water Access
- Building & Land
- Parcel Number
- 494234063450
- Lot Size
- 6,750
- Address
- 848 Nw 2nd Ave, Fort Lauderdale
- Year Built
- 1972
- Section
- 34
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Listing Courtesy of Fausto Commercial Realty Consultants Inc, Contact:
Selling Office: Fausto Commercial Realty Consultants Inc.