848 NW 2nd Ave, Fort Lauderdale FL 33311
Basics
- Price per sqft: $542.36
- Category: Residential Income
- Type: Quadruplex
- Status: Active
- Floors: 1
- Area: 1936 sq ft
- Lot size: 0 sq ft
- Year built: 1972
- Year remodeled: Resale
- MLS ID: A11841385
Description
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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. 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.
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Location
- Neighborhoods: PROGRESSO
Building Details
- Floor covering: Other, Tile, Vinyl
- Exterior material: CBS Construction, Concrete Block Construction
- Roof: Built-up, Shingle
- Parking: 8