Property Details
| Asking Price | $975,000 |
|---|---|
| Price per SqFt | $504 |
| Maintenance fee | Inquire |
| Property Taxes | $10,779 2024 |
| Interior Space | 1,936 SqFt |
| Beds/Baths | —/— |
| Year Built | 1972 |
| Pool | No |
| MLS # | A11841385 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Monthly carry is not computed when the association fee or the taxes are not provided.
From the listing
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.
Listed by Fausto Commercial Realty Consultants Inc
Sales History for This Home · 848 NW 2nd Avenue, Fort Lauderdale, FL 33311
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A10586371 | $425,000 | 6/20/19 |
| F10011227 | $320,000 | 8/18/16 |
| F10011235 | $320,000 | 8/17/16 |
| F1331665 | $262,000 | 5/11/15 |
Listed by Fausto Commercial Realty Consultants Inc. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Fort Lauderdale and throughout South Florida.
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Location
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