848 NW 2nd Ave
Fort Lauderdale, FL 33311
3
Bed
5
Bath
1,936Sqft
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 $8,774 with room for additional upside through future rent increases or improvements, delivering an attractive 8.83% 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.
Property Details
Map
Map
Features
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Interior Features
Roof: BuiltUp, Shingle -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1972Building Area Total: 1936Construction Materials: BlockStories: 1Pool Features: NonePrivate Pool: No
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Lot Information
Lot Description: LessThanQuarterAcreProperty Information
Subdivision: PROGRESSO Source Property Type: ResidentialIncome MLS Area Minor: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810) Postal Code Plus 4: 7486 Zoning Description: RMM-25 Property SubType: Quadruplex Levels: One Property Age: 54
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Listing Price Information
Listing Price: $975000Original Price: $1050000Cash, Conventional, OwnerMayCarry, Other
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Tax Information
Parcel Number: 494234063450 Tax Year: 2024 Annual Tax: $10779 Tax Legal Desc: PROGRESSO 2-18 D LOT 47,48 BLK 260
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Parking Information
Parking Total: 8
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Utility Information
CableAvailable -
Location Information
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 635 NW 22nd Rd, Fort Lauderdale, FL, 33311 | $640,000 | 3 | 4 | 1,810 | 1,810 SqFt |
| 1304 NW 6th Ave, Fort Lauderdale, FL, 33311 | $515,000 | 3 | 2 | 1,275 | 1,275 SqFt |
| 1539 NW 8th Ave, Fort Lauderdale, FL, 33311 | $780,000 | 8 | 14 | 2,504 | 2,504 SqFt |
| 1515 NW 2nd Ave, Fort Lauderdale, FL, 33311 | $490,000 | 3 | 2 | 1,523 | 1,523 SqFt |
| 715 NW 15th Terrace #1-3, Fort Lauderdale, FL, 33311 | $640,000 | 4 | 2 | 1,853 | 1,853 SqFt |
| 2800 W Sunrise Boulevard, Fort Lauderdale, FL, 33311 | $589,490 | -- | 4 | 1,734 | 1,734 SqFt |
| 2610 NW 14th Street, Fort Lauderdale, FL, 33311 | $479,000 | 4 | 2 | 1,440 | 1,440 SqFt |
| 1275 NW 27th Avenue #1-2, Fort Lauderdale, FL, 33311 | $429,000 | 2 | 2 | 1,137 | 1,137 SqFt |
| 842 NW 1st Ave, Fort Lauderdale, FL, 33311 | $1,900,000 | 1 | 1 | 4,753 | 4,753 SqFt |
| 25 NW 11th Street, Fort Lauderdale, FL, 33311 | $665,995 | 4 | 3 | 1,820 | 1,820 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/17/2026 @ 15:12
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