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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.

Features
8
Address Map
FL
Broward County
Fort Lauderdale
33311
848 NW 2nd Ave
PROGRESSO
W81° 51' 15.3''
N26° 8' 5.5''
PROGRESSO
MLS Addon
Detached
All Cash, Conventional, Owner Will Carry
1
5
Hot Water, Water, Gardener, Other Rent Incl, Pest Control, Sewer, Trash Collection
1
Quadruplex, Fourplex
$10,779
2024
Click Here
RMM-25
2
03/08/2025 16:23:49

848 NW 2nd Ave, Fort Lauderdale, Florida 33311

$975,000
1,936 size sq.ft.
Listing ID #A11841385
Basic Details
Property Type Residential Income
Listing Type For Sale
Listing ID A11841385
Price $975,000
Square Footage 1,936 Sqft
Year Built 1972
Days on Market 214
Building Area 1,936
Status Active
Property SubType Quadruplex
On Market Date 03/08/2025
Elena Beck
MiamiInvestrealty
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