848 NORTH WEST 2ND AVE #5, Fort Lauderdale
$975,000 USD
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| Address | 848 NORTH WEST 2ND AVE #5, Fort Lauderdale |
| Building Name | PROGRESSO |
| Type of Property | Quadruplex |
| Property Style | Quadruplex |
| Price | $975,000 |
| Previous Price | $1,050,000 (2 days ago) |
| Property Status | Active |
| MLS Number | A11841385 |
| Living Area | 1936 |
| Year Built | 1972 |
| Parking Space Number | 8 |
| Folio Number | 494234063450 |
| Zoning Information | RMM-25 |
| Days on Market | 2 |
Detailed 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, delivering an attractive 8.13% 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.
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Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33311 |
| Address | 848 NORTH WEST 2ND AVE |
| Section | 34 |
| Zip Code (4 Digits) | 7486 |
Financial Information
| Price | $975,000 |
| Price per Foot | $0 |
| Previous Price | $1,050,000 |
| Folio Number | 494234063450 |
| Tax Amount | $10,779 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed 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, delivering an attractive 8.13% 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. |
| Roof Description | Built-Up, Shingle |
| Floor Description | Other, Tile, Vinyl |
| Cooling Description | Wall / Window Unit (s) |
| Heating Description | Window / Wall |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 1936 |
| Zoning Information | RMM-25 |
| Year Built | 1972 |
| Type of Property | Quadruplex |
| Style | Quadruplex |
| Building Name | PROGRESSO |
| Development Name | PROGRESSO |
| Construction Type | Concrete Block Construction,CBS Construction |
| Stories Number | 1.000 |
| Street Direction | North West |
| Parking Space Number | 8 |
| Listed with | Fausto Commercial Realty Consultants Inc |