Carol Ann White - Premier Florida Realty Logo
$975,000
 $5,234 est/mo Sourced by Back At You

848 NW 2nd Avenue,Fort Lauderdale, FL 33311

Fort Lauderdale, FL 33311

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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 tenantsmost 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.

Details

MLS #A11841385
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1972
Days On Site382
Listing Provided ByFausto Commercial Realty Consultants Inc | Elior Levi

Features

SQ Feet1,936
Story(s)1
Units1
ZoningRMM-25

Taxes

Tax Annual Amount10779

Area Information

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33311
Area3810
Community NamePROGRESSO
Listing VS Median (in PROGRESSO)
Price:
$975,000
low | high
Med:
$6,500
100% of Average
sqft:
1,936
low | high
Med:
2,680
11.570247933884% of Average
$ / sqft:
$504
low | high
Med:
$2
100% of Average
On site:
382
low | high
Med:
60
100% of Average
Sourced by Back At You

Market Activity 33311

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Contact

Learn More About This Property

Carol Ann White

Carol Ann White

Premier Florida Realty

 (239) 728-460349carol@gmail.com
StateFL
CountyBroward
CityFort Lauderdale
Zip Code33311
Area3810
Community NamePROGRESSO
Listing VS Median (in PROGRESSO)
Price:
$975,000
low | high
Med:
$6,500
100% of Average
sqft:
1,936
low | high
Med:
2,680
11.570247933884% of Average
$ / sqft:
$504
low | high
Med:
$2
100% of Average
On site:
382
low | high
Med:
60
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $731K - $1.218M
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
848 NW 2nd Avenue Property Photo 1
$975,000
848 Nw 2nd Avenue
Fort Lauderdale, FL 33311
848 NW 2nd Ave Property Photo 1
$975,000
848 Nw 2nd Ave
Fort Lauderdale, FL 33311
933 NW 2nd Ave Property Photo 1
$498,000
933 Nw 2nd Ave
Fort Lauderdale, FL 33311
933 NW 2nd Avenue Property Photo 1
$498,000
933 Nw 2nd Avenue
Fort Lauderdale, FL 33311
935 NW 2nd Ave Property Photo 1
$3,400
935 Nw 2nd Ave
Fort Lauderdale, FL 33311
Listing Updated: July 20, 2026 at 7:05:35 AM PDT

Carol Ann White - Premier Florida Realty