Brett Colby, Realtor®, Owner

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

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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.

Brett Colby
5.0 Reviews
Text or call (561) 903-4200
Listing courtesy of Fausto Commercial Realty Consultants Inc 07.16.2026