848 NW 2nd Ave Fort Lauderdale FL 33311 MLS #A11841385
848 NW 2nd Ave
Fort Lauderdale, FL, 33311
$975,000
Beds
0 Baths
1,936 SqFt
0 Acres
$975,000
848 NW 2nd Ave
Fort Lauderdale, FL, 33311
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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

Price:
$975,000
MLS #:
A11841385
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
PROGRESSO
Neighborhood:
progresso
Listed Date:
Aug 3, 2025
Finished Sq Ft:
1,936
Total Sq Ft:
1,936
Year Built:
1972
Units:
5
DetachedProgressoProgressoProgresso

Schools

Interior

Cooling
Wall/Window Unit(s)
Flooring
Other, Tile, Vinyl
Heating
Window/Wall

Exterior

Architectural Style
Detached
Construction Materials
Concrete Block Construction, CBS Construction
Lot Features
Less Than 1/4 Acre Lot
Parking Spots
8
Parking Total
8
Roof
Built-Up, Shingle
Stories
1

Financial

Tax Year
2024
Taxes
$10,779
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Current real estate data for Multi Family in Fort Lauderdale as of May 11, 2026
79
Multi Family Listed
152
Avg DOM
484
Avg $ / SqFt
$1,185,952
Avg List Price

Community

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Property Summary

    Located in the PROGRESSO subdivision, 848 NW 2nd Ave Fort Lauderdale FL is a Multi Family for sale in Fort Lauderdale, FL, 33311. It is listed for $975,000
848 NW 2nd Ave
Fort Lauderdale, FL