Active
848 NW 2nd Ave
Fort Lauderdale FL, 33311
$1,100,000
$568.18 per sqft
Active
1,936 sqft
Commercial
Built in 1973
HOT AREA! This legal FIVEPLEX consists of three 1/1 & two Studios. A unique property to own in fast developing Progresso Village, close to downtown Ft Lauderdale. AirBnB potential, no rental restrictions! Adjacent to the new 'ALDI' supermarket & WAWA. New Townhomes on east side. Lot of upcoming construction nearby. Property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are on yearly leases. FULLY OCCUPIED. Building has security deposits/last month rent! The Yearly Rental Gross Income for 2022 was $74,856 & for 2023 $85,982. Immense yearly GROWTH! Complex has coin operated Washer & Dryer, generating extra income!
Expenses include lawn, water, common electric, insurance & property taxes. Do NOT disturb tenants. POF to show! AS IS. 1031 Exchange Buyers welcome!!
A11515319
MLSⓇ ID
January 16, 2024
Listed
April 8, 2024
Updated
Map
848 NW 2nd Ave
Fort Lauderdale FL, 33311
Interior Features
Total Stories
1
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.15 Acres
Roof
Shingle
Other Property Details
Taxes
$10,871
Tax Frequency
Annually
Days on Market
82
Garage
No
Parking Total
8
View
No
County
Broward County
Water Source
Public
Pool
No
Zoning
RMM-25
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
4/8/2024 | Price Change | $1,100,000 -3% |
3/1/2024 | Price Change | $1,125,000 -3% |
Listed by: Compass Florida, LLC
Listing Contact: 786-529-2998
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated 8:05 PM UTC, 4/8/2024.