Price Reduced 7.14%
Price History
$1,050,000
8/3/2025
$975,000
1/5/2026
848 NW 2nd Ave, Fort Lauderdale, FL, 33311
1972
Fourplex
1,936 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, 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.
Status:
Pending
Type:
Multi-family
Zoning:
RMM-25
Subdivision:
PROGRESSO
Heating:
Wall Furnace
Cooling:
Wall/Window Unit(s)
Parking:
8-car
Est. Taxes:
$10,779
Construction
Block
Utilities
Cable Available
Lot Description:
< 1/4 Acre
Days on Market:
173
Pool:
None
MLS #:
A11841385
Community Info
School Info
Walk Score
Yelp
Listing courtesy of Fausto Commercial Realty Consultants Inc 786-748-7373