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 |
|---|---|---|---|---|---|
| 1304 NW 6th Ave, Fort Lauderdale, FL, 33311 | $515,000 | 3 | 2 | 1,275 | 1,275 SqFt |
| 1026-1044 NW 7th Avenue, Fort Lauderdale, FL, 33311 | $2,050,000 | 15 | 5 | 6,024 | 6,024 SqFt |
| 730 NW 4th Avenue, Fort Lauderdale, FL, 33311 | $950,000 | 8 | 4 | 2,792 | 2,792 SqFt |
| 1420 NW 5th Avenue, Fort Lauderdale, FL, 33311 | $565,000 | 3 | 3 | 1,615 | 1,615 SqFt |
| 1429 N Andrews Avenue, Fort Lauderdale, FL, 33311 | $455,000 | 2 | 2 | 1,000 | 1,000 SqFt |
| 831 NW 1st Ave, Fort Lauderdale, FL, 33311 | $1,110,000 | 4 | 4 | 2,423 | 2,423 SqFt |
| 842 NW 1st Ave, Fort Lauderdale, FL, 33311 | $1,900,000 | 1 | 1 | 4,753 | 4,753 SqFt |
| 510 NW 13th Street, Fort Lauderdale, FL, 33311 | $489,490 | 4 | 2 | 1,742 | 1,742 SqFt |
| 1515 NW 2nd Ave, Fort Lauderdale, FL, 33311 | $490,000 | 3 | 2 | 1,523 | 1,523 SqFt |
| 1539 NW 8th Ave, Fort Lauderdale, FL, 33311 | $780,000 | 8 | 14 | 2,504 | 2,504 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/24/2026 @ 18:24
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