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848 NW 2nd Ave, Fort Lauderdale FL 33311

Multi-family For Sale
$975,000

BTC: 10.40554963

ETH: 319.67213115

-$75K (2026/01/05)
156 days
0 room(s)
1,936 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Florida • Fort Lauderdale • 33311 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1972
Lot:
No Data
Heating:
Window/Wall
Price/sqft:
$504
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Flooring

    • Other

    • Tile

    • Vinyl

    Heating

    • Window/Wall

    Cooling

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 494234063450

    • Zoning: RMM-25

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $10,779

  • Source details

    • MLS ID: A11841385

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Detached

    • Living Area: 1936

    • Subdivision Name: PROGRESSO

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc