Search for Real Estate Property in South Florida

848 NW 2nd Avenue, Fort Lauderdale, FL 33311

$975,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11841385

Property Type: Residential Income Square Footage: 1,936 Status: Active

Current Price: $975,000 List Date: 8/03/2025 Last Modified: 5/31/2026

Overview

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.

Listing Details MLS# A11841385

General Property Information

Number Of Units Total: 2
Property Sub Type: Quadruplex
Building Area Main: 1936
Living Area Main: 1936
Adjusted Area Main: 1936
Year Built: 1972
Parking Total: 8
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: Other Available Information; Rent Rolls Flooring: Tile; Vinyl; Other Property Condition: Resale Structure Type: Multi Family Construction Materials: Block; CBS Cooling: Wall/Window Unit(s) Heating: Separate Meters; Window/Wall Listing Terms: Cash; Conventional; Owner Will Carry; Other Possession: Negotiable Roof: Built-Up; Shingle Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Showing Requirements: Call Listing Agent Unit 1 Parking Features: Open Parking

Contract Information

Comp Sale YN: No
Original List Price: 1050000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 848
Street Direction Prefix: NW
Street Name: 2nd
Street Suffix: Avenue
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33311
Postal Code +4: 7486
Postal Zip: 33311
Subdivision Name: PROGRESSO
Area: 3810
Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Elementary School: North Side
Middle Or Junior School: Sunrise
High School: Fort Lauderdale
Parcel Number: 494234063450
Subdivision Number: 6
Zoning: RMM-25
Flood Zone: AE
Multiple Offers Accepted: Yes

Financial Information

Tax Annual Amount: 10779
Tax Year: 2024
Tax Legal Description: PROGRESSO 2-18 D LOT 47,48 BLK 260

Status Change Information

Major Change Timestamp: 2026-03-30T22:36:41Z
Major Change Type: Back on Market
Price Change Timestamp: 2026-01-05T17:22:16Z
Status Change Date: 2026-03-30

More Information

Income and Expenses

Gross Income: 8200

Unit 1 Details

Actual Rent: 8200
Baths Full: 5
Efficiency YN: No

Unit 1 Lease Description

Currently Leased YN: Yes

Section Details

Parcel Number MLX: 3450

Originating Details

Originating System Key: 418019977
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Tile: Yes
Vinyl: Yes
Other: Yes

Property Condition

Resale: Yes

Documents Available

Other Available Information: Yes
Rent Rolls: Yes

Structure Type

Multi Family: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Separate Meters: Yes
Window/Wall: Yes

Construction Materials

Block: Yes
CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner Will Carry: Yes
Other: Yes

Roof

Built-Up: Yes
Shingle: Yes

Cooling

Wall/Window Unit(s): Yes

Showing Requirements

Call Listing Agent: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Unit 1 Parking Features

Open Parking: Yes

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: May - 31 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.