848 NW 2nd Avenue, Fort Lauderdale, FL 33311
- $900,000
- 1,936
- SqFt
- Sold Price
- $900,000
- List Price
- $975,000
- Days on Market
- 347
- Closing Date
- Sep 21, 2026
- MLS#
- A11841385
- Sq. Ft
- 1,936
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Progresso
- Year Built
- 1972
Property 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.
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Additional Information
- Construction
- Block
- Cooling
- Wall/Window Unit(s)
- Flooring
- Other, Tile, Vinyl
- Heating
- Separate Meters, Wall Furnace
- Roof
- Built-Up, Shingle
- Taxes
- $10,779
- Utilities
- Cable Available
- Stories
- 1
- Price Per Sqft
- $464
- Elementary School
- North Side
- Middle School
- Sunrise
- High School
- Fort Lauderdale
Mortgage Calculator
Listing courtesy of Fausto Commercial Realty Consultants Inc. Contact:
Selling Office: Fausto Commercial Realty Consultants Inc.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Elior Levi | Email: elevi@faustocommercial.com