Sold
Address
848 Nw 2nd Ave, Fort Lauderdale, FL
Price
$ 900,000
Property Attributes
- MLS#A11841385
- TypeIncome
- Listing Status Closed
- CountyBroward
- CityFort Lauderdale
- Area3810
- NeighborhoodPROGRESSO
- Zip33311
- Style
- Year Built1972
- Taxes$ 10779
- Price$ 900,000
- Bedrooms3
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage1936
Data Source:
Southeast Florida MLS (SEFMLS)
Property 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 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.
| Price History | |
|---|---|
| 10/22/2025 | Listed $1,050,000 |
| 1/5/2026 | 7$975,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Utilities | Cable Available |
| Possession | Closing & Funding |
| Roof | Built-Up,Shingle |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1972 |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Quadruplex |
| Tax Year | 2024 |
| County | Broward |
| Property Type | Residential Income |
| Contingency | Pending Inspections |
| Subdivision Name | PROGRESSO |
| Possible Use | Investment |
| Rent Includes | Gardener,Hot Water,Other,Pest Control,Sewer,Trash Collection,Water |
| Full Baths | 5 |
| Status | Closed |
| City | Fort Lauderdale |
| Zoning Description | RMM-25 |
| Number Of Units Total | 8 |
| MLS Area | 3810 |
| Lot Size Units | Square Feet |
| Listing Terms | Cash,Conventional,Owner May Carry,Other |
| Year Built Details | Resale |
| Tax Annual Amount | 10779 |
| MLS Area Minor | Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810) |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11841385 |
| Standard Status | Closed |
| Occupancy Type | Call Agent |
| Property Sub Type Additional | Quadruplex |
| PostalCity | Fort Lauderdale |
| Legal Description | PROGRESSO 2-18 D LOT 47,48 BLK 260 |
Interior Features
| Flooring | Other,Tile,Vinyl |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 3 |
Exterior Features
| Lot Features | < 1/4 Acre |
|---|---|
| Total Parking | 8 |
| Building Area Total | 1936 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33311
Price
Taxes
Year Built
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Data Last Updated: September 21, 2026 3:13 PM UTC
Palm Beach Board of Realtors MLS® (PBBORMLS) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
