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 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.
Features of 848 Nw 2nd Avenue
| MLS® # | A11841385 |
|---|---|
| USD | $900,000 |
| CAD | $1,277,109 |
| CNY | 元6,036,660 |
| EUR | €792,478 |
| GBP | £680,092 |
| RUB | ₽76,050,450 |
| Last Listing Price | $975,000 |
| Year Built | 1972 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Closed |
| HOPA | No Hopa |
Community Information
| Address | 848 Nw 2nd Avenue |
|---|---|
| Area | 3810 |
| Subdivision | PROGRESSO |
| City | Fort Lauderdale |
| County | Broward |
| State | FL |
| Zip Code | 33311 |
Amenities
| Utilities | Cable Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Window/Wall, Separate Meters |
|---|---|
| Cooling | Wall/Window Unit(s) |
| # of Stories | 1 |
Exterior
| Roof | Built-Up, Shingle |
|---|---|
| Construction | Block, CBS |
School Information
| Elementary | North Side |
|---|---|
| Middle | Sunrise |
| High | Fort Lauderdale |
Additional Information
| Date Closed | September 21st, 2026 |
|---|---|
| Date Listed | March 30th, 2026 |
| Days on Market | 183 |
| Zoning | RMM-25 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Parcel ID | 494234063450 |
Listing Details
| Office | Fausto Commercial Realty Consultants Inc |
|---|