1515 NORTH WEST 2ND AVE #2, Fort Lauderdale
$550,000 USD
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Address | 1515 NORTH WEST 2ND AVE #2, Fort Lauderdale |
Building Name | PROGRESSO |
Type of Property | Duplex |
Property Style | Duplex |
Price | $550,000 |
Previous Price | $592,000 (2 days ago) |
Property Status | Active |
MLS Number | A11718487 |
Living Area | 1523 |
Year Built | 1963 |
Parking Space Number | 3 |
Folio Number | 494234016370 |
Zoning Information | RDS-15 |
Days on Market | 261 |
Detailed Description: 4.8% ROI! Incredible investment opportunity just steps from Wilton Manors—one of South Florida’s most desirable and rapidly growing rental markets. This fully rented duplex produces $4,150 / month with an estimated 5% cap rate, offering immediate cash flow with long-term upside. Each unit has its own washer / dryer, water heater, private electric meter, and spacious backyard—ideal for tenants seeking comfort and privacy. Recent updates include PVC plumbing (no cast iron), no cloth wiring, and newer appliances. Located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants in place with active leases. Whether you’re looking for a strong ROI, a 1031 exchange, or a turnkey asset in a prime location.
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Address Information
State | Florida |
City | Fort Lauderdale |
County | Broward County |
Zip Code | 33311 |
Address | 1515 NORTH WEST 2ND AVE |
Section | 34 |
Zip Code (4 Digits) | 5547 |
Financial Information
Price | $550,000 |
Price per Foot | $0 |
Previous Price | $592,000 |
Folio Number | 494234016370 |
Tax Amount | $9,702 |
Tax Year | 2024 |
Possession Information | Funding |
Full Descriptions
Detailed Description | 4.8% ROI! Incredible investment opportunity just steps from Wilton Manors—one of South Florida’s most desirable and rapidly growing rental markets. This fully rented duplex produces $4,150 / month with an estimated 5% cap rate, offering immediate cash flow with long-term upside. Each unit has its own washer / dryer, water heater, private electric meter, and spacious backyard—ideal for tenants seeking comfort and privacy. Recent updates include PVC plumbing (no cast iron), no cloth wiring, and newer appliances. Located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants in place with active leases. Whether you’re looking for a strong ROI, a 1031 exchange, or a turnkey asset in a prime location. |
How to Reach | Take I-95 to Sunrise Blvd and head east. Turn left (north) on NW 9th Ave (Powerline Rd), then right on NW 15th St. Turn left on NW 2nd Ave. Property is on the left side. |
Roof Description | Shingle |
Floor Description | Terrazzo |
Cooling Description | Ceiling Fan (s), Wall / Window Unit (s) |
Heating Description | Other |
Sewer Description | Other |
Property parameters
Living Area | 1523 |
Zoning Information | RDS-15 |
Year Built | 1963 |
Type of Property | Duplex |
Style | Duplex |
Building Name | PROGRESSO |
Development Name | PROGRESSO |
Construction Type | CBS Construction |
Stories Number | 1.000 |
Street Direction | North West |
Parking Space Number | 3 |
Listed with | Related ISG Realty, LLC. |