Active

848 NW 2nd Ave

Fort Lauderdale FL, 33311

$1,049,000


$541.84 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

June 15, 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

150


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

5/16/2024

Price Change

$1,049,000

-5%

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 12:36 AM UTC, 6/15/2024.

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