848 NW 2nd Avenue
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
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: BuiltUp, Shingle -
Heating & Cooling
Has Heating: Yes Heating: SeparateMeters, WallFurnace Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1972Building Area Total: 1936Construction Materials: BlockPrivate Pool: No
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Listing Price Information
Listing Price: $975000Original Price: $1050000Cash, Conventional, OwnerWillCarry, 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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School Information
Elementary School: North Side Junior High School: Sunrise Senior High School: Fort Lauderdale -
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 |
|---|---|---|---|---|---|
| 1519-1521 NW 8th Avenue, Fort Lauderdale, FL, 33311 | $690,000 | 8 | 4 | 2,504 | 2,504 SqFt |
| 1126 NW 4th Avenue #1-2, Fort Lauderdale, FL, 33311 | $605,000 | 4 | 3 | 1,350 | 1,350 SqFt |
| 2840 NW 13th Court #1-2, Fort Lauderdale, FL, 33311 | $549,900 | 5 | 3 | 1,818 | 1,818 SqFt |
| 1429 N Andrews Avenue, Fort Lauderdale, FL, 33311 | $427,000 | 2 | 2 | 1,000 | 1,000 SqFt |
| 2610 NW 14th Street, Fort Lauderdale, FL, 33311 | $479,000 | 4 | 2 | 1,440 | 1,440 SqFt |
| 2921 NW 11th Street, Fort Lauderdale, FL, 33311 | $525,000 | 4 | 2 | 1,744 | 1,744 SqFt |
| 517 NW 15th Terrace, Fort Lauderdale, FL, 33311 | $545,000 | 4 | 2 | 1,236 | 1,236 SqFt |
| 842 NW 1st Avenue, Fort Lauderdale, FL, 33311 | $1,900,000 | 1 | 1 | 4,753 | 4,753 SqFt |
| 1201 N Andrews Avenue, Fort Lauderdale, FL, 33311 | $675,000 | 3 | 3 | 2,653 | 2,653 SqFt |
| 831 NW 1st Ave, Fort Lauderdale, FL, 33311 | $1,110,000 | 4 | 4 | 2,423 | 2,423 SqFt |
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ByOwner last updated this listing 08/10/2026 @ 14:22
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