848 NW 2nd Ave, Fort Lauderdale FL 33311, Fort Lauderdale, Broward County, Commercial Sale
- $1,050,000
Overview
- Income/MultiFamily
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.
Address
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Address: 2nd Ave
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City: Fort Lauderdale
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State/county: Broward County
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Zip/Postal Code: 33311
Details
Updated on August 3, 2025 at 5:47 pm-
Property ID A11841391
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Price $1,050,000
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Land Area 0.15 Square Feet
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Year Built 1972
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Property Type Income/MultiFamily
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Property Status Commercial Sale