Property 848 NW 2nd Avenue, Fort Lauderdale, FL 33311 for sale with MLS# A11841391
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!
848 NW 2nd Avenue, Fort Lauderdale, FL 33311
- Price:
- $975,000.00
- Original List Price:
- $1,050,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $503.61
- Listing Type:
- For Sale
- Status:
- Active Under Contract (An offer has been accepted, considering Backup Offers)
- Contingency:
- Active Under Contract
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- July 16, 2026 4:05 pm
- Built-Up Area:
- 1,936 Sqft
- Lot Size Acres:
- 0.15
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Window/wall
- Year Built:
- 1972
- Roof:
- Shingle, Built-up
- Number of Units Total:
- 2
- Construction Materials:
- Block, CBS
- Flooring:
- Tile, Other, Vinyl
- Number of stories:
- 1
- Flood Zone Code:
- AE
- Parking Features:
- Common
- Sewer:
- Public Sewer
- Water Source:
- Public
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional, Owner Will Carry Points, Other
- Buyer Possession:
- Negotiable
- Tax Legal Description:
- PROGRESSO 2-18 D LOT 47,48 BLK 260
- Real Estate Folio Number (Parcel Number):
- 494234063450
- Zoning:
- RMM-25
- Active on the market since:
- August 3, 2025
- Listing Agreement executed on:
- August 3, 2025
- Purchase Contract Date:
- July 16, 2026
- Price change occurred on:
- January 5, 2026 5:23 pm
- Listing Status Last Changed On:
- July 16, 2026 4:05 pm
- Photos updated on:
- July 16, 2026 4:11 pm
- Last Modified:
- July 16, 2026 4:11 pm
- Courtesy of:
- Fausto Commercial Realty Consultants Inc
- Attribution:
- Not provided
- Street Name:
- 2nd
- Street Number:
- 848
- City:
- Fort Lauderdale
- State:
- Florida
- Zip Code:
- 33311
- County:
- Broward
- Latitude:
- N26° 8' 5.5''
- Longitude:
- W81° 51' 15.2''
- Street Suffix:
- Avenue
- Street Direction Prefix:
- NW
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 848 NW 2nd Avenue, Fort Lauderdale, FL 33311
