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Property Description

HOT AREA! This legal FIVEPLEX consists of three 1/1 & two Studios. A unique property to own in fast developing Progresso Village, close to downtown Ft Lauderdale. AirBnB potential, no rental restrictions! Adjacent to the new ‘ALDI’ supermarket & WAWA. New Townhomes on east side. Lot of upcoming construction nearby. Property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are on yearly leases. FULLY OCCUPIED. Building has security deposits/last month rent! The Yearly Rental Gross Income for 2022 was $74,856 & for 2023 $85,982. Immense yearly GROWTH! Complex has coin operated Washer & Dryer, generating extra income!rnExpenses include lawn, water, common electric, insurance & property taxes. Do NOT disturb tenants. POF to show! AS IS. 1031 Exchange Buyers welcome!!

Features
8
Laundry Facilities
Address Map
FL
Broward County
Fort Lauderdale
33311
848 NW 2nd Ave
W81° 51' 15''
N26° 8' 5.4''
MLS Addon
Annual Lease
All Cash, Conventional/refinance
1
Sale
1
$10,871
Click Here
Public
RMM-25
5
24/01/2024 01:54:24

848 NW 2nd Ave, Fort Lauderdale, Florida 33311

$1,125,000
6,750 size sq.ft.
Listing ID #A11515319
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11515319
Price $1,125,000
Year Built 1973
Days on Market 45
Building Area 1,936
Status Active
Property SubType Income/multifamily
Lot Area 6,750 Sqft
List Date 2024-01-24
On Market Date 16/01/2024
Elena Beck
MiamiInvestrealty
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