Quadruplex in 848 NW 2nd Ave Fort Lauderdale for sale with MLS# A11841385
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.
848 NW 2nd Ave, Fort Lauderdale, FL 33311
- Price:
- $975,000.00
- Previous Asking Price:
- $1,050,000.00
- Original List Price:
- $1,050,000.00
- Rent Includes:
- Hot Water, Sewer, Trash Collection, Water, Gardener, Pest Control, Other
- Listing Type:
- For Sale
- Status:
- Active
- Contingency:
- No Contingencies
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- MLS Number:
- A11841385
- Description of Last Important Update:
- Back On Market
- Last Major Update on:
- March 30, 2026 5:36 pm
- Living Area:
- 1,936 Sqft
- Built-Up Area:
- 1,936 Sqft
- Lot Size Unit:
- Square Feet
- Lot Features:
- Less Than Quarter Acre
- Waterfront:
- No
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Wall Furnace
- Year Built:
- 1972
- Year Built Details:
- Resale
- Roof:
- Shingle, Built-up
- Architectural Style:
- Fourplex
- Levels:
- One
- Construction Materials:
- Block
- Flooring:
- Tile, Other, Vinyl
- Stories:
- 1
- Tax Annual Amount:
- $10,779.00
- Tax Year:
- 2024
- Property Tax Status:
- Tax Reflects No Exemptions
- Parking Total Spaces:
- 8
- Covered Spaces:
- 0
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available
- Subdivision Name:
- PROGRESSO
- Senior Community:
- No
- Documents Available:
- Other, Rent Rolls
- Listing Terms Considered by Seller:
- Cash, Conventional, Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note), Other
- Occupant Type:
- Call Agent
- Buyer Possession:
- Closing And Funding
- Lease Considered:
- No
- Tax Legal Description:
- PROGRESSO 2-18 D LOT 47,48 BLK 260
- Real Estate Folio Number (Parcel Number):
- 494234063450
- Zoning Description:
- RMM-25
- Originally published on:
- August 3, 2025 12:22 pm
- Active on the market since:
- August 3, 2025
- Price change occurred on:
- January 5, 2026 11:22 am
- Listing Status Last Changed On:
- March 30, 2026 5:36 pm
- Photos updated on:
- August 3, 2025 4:33 pm
- Last Modified:
- April 3, 2026 5:06 pm
- Flood Zone:
- AE
- Type of Association:
- None
- Style:
- Fourplex
- Subdivision Number:
- 6
- Courtesy of:
- Fausto Commercial Realty Consultants Inc
- Attribution:
- Not provided
- Street Name:
- 2nd Ave
- Street Number:
- 848
- City:
- Fort Lauderdale
- State:
- Florida
- Zip Code:
- 33311
- County:
- Broward
- Latitude:
- N26° 8' 5.5''
- Longitude:
- W81° 51' 15.2''
- Street Direction Prefix:
- NW
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
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