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 $8,200 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.
Address Map
FL
Broward County
Fort Lauderdale
33311
848 NW 2nd Ave
W81° 51' 15.3''
N26° 8' 5.5''
MLS Addon
Building & Land
1 To 3 Year Lease
All Cash, Conventional/refinance, Owner Will Carry
1
Sale
1
Commercial
Public
RMM-25
5
03/08/2025 16:13:49
848 NW 2nd Ave, Fort Lauderdale, Florida 33311
$975,000
6,750 size sq.ft.
Listing ID #A11841391
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11841391
Price $975,000
Year Built 1972
Days on Market 213
Building Area 1,936
Status Active
Property SubType Income/multifamily
Lot Area 6,750 Sqft
List Date 2026-04-04
On Market Date 03/08/2025
MiamiInvestrealty
