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848 2nd Ave, Fort Lauderdale, FL 33311
Offering:
For Sale
Location:
Fort Lauderdale, FL 33311
Subdivision:
PROGRESSO
Status:
Active Under Contract
$975,000
Details
Year built:
1972
Levels:
One
Stories:
1
Parking:
8 spaces
Style:
Fourplex
Days on market:
322
Annual tax (2024):
$10,779
Type:
Quadruplex
MLS ID
A11841385
Virtual tour:
Listed by:
Fausto Commercial Realty Consultants Inc (FAUS01)
Listing office phone:
Listing office email:
Listing agent:
Elior Levi (3574869)
Features
Utilities
Available:
Cable Available
Sewer:
Public Sewer
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 $8,774 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.
Price history
$1,050,000 → $975,000
·
Reduced by
$75,000 (7.1%) · 2 price changes
Location
848 NW 2nd AveFort Lauderdale, FL 33311
MLS information
Last updated Jul 16, 2026
Deemed reliable but not guaranteed.
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