848 NW 2nd Avenue Fort Lauderdale, FL 33311
1,936 Sqft, Quadruplex
AGENT'S REMARKS ABOUT 848 NW 2ND AVENUE
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 Lauderdales fastest-growing corridors. Rare seller financing offered at 5.5% interest-only for 3 years with 35% down.
PROPERTY DETAILS
- Property Type: Quadruplex
- Approx Living Area: 1,936 SqFt
- Year Built: 1972
- Stories: 1
- Flooring: Other, Tile, Vinyl
- Roof: Built-Up, Shingle
- Total Floors in Building: 1
- Construction: Block, CBS
- Cooling System: Wall/Window Unit(s)
- Heating: Window/Wall, Separate Meters
- Utility Information: Cable Available
- County: Broward
- Area: 3810
- Subdivision: PROGRESSO
- Annual Property Taxes: $10,779
- Elementary School: North Side
- Junior High School: Sunrise
- High School: Fort Lauderdale
MAP LOCATION FOR 848 NW 2ND AVENUE FORT LAUDERDALE, FL 33311
SIMILAR LISTINGS NEAR 848 NW 2ND AVENUE
Do you have questions about 848 NW 2nd Avenue Fort Lauderdale, FL 33311? Contact us for more information and to schedule a tour. Brett Colby Group is a local top real estate service in Palm Beach County, FL.
Listing courtesy of Fausto Commercial Realty Consultants Inc 07.16.2026
