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$975,000
374 Days On Site
848 NW 2nd AveFort Lauderdale, FL 33311
For Sale|Multi Family|Active Under Contract
0
Beds
0
Total Baths
1,936
SqFt
$504
/SqFt
1972
Built
County:
Broward
Call Now: 305-390-2737
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305-390-2737
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Monthly Payment (Est.)
$4,448Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.
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!
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Listing Snapshot
Price
$975,000
Days On Site
374 Days
Bedrooms
N/A
Inside Area (SqFt)
1,936 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.15 Acres
Year Built
1972
MLS® Number
A11841391
Status
Active Under Contract
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 weeks ago | Status changed to Active Under Contract | |
| 4 weeks ago | Listing updated with changes from the MLS® | |
| 7 months ago | Price changed to $975,000 | |
| a year ago | Listing first seen on site |
General Features
Acres
0.15
Levels
One
Parking
Common
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
1936
Water Source
Public
Zoning
RMM-25
Interior Features
Cooling
Wall/Window Unit(s)
Flooring
OtherTileVinyl
Heating
Wall Furnace
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Exterior Features
Construction Details
Block
Roof
Built-UpShingle
Community Features
Financing Terms Available
CashConventionalOwner May Carry
MLS Area
3810
Listing courtesy of Fausto Commercial Realty Consultants Inc
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2026, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2026, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Neighborhood & Commute
Source: Walkscore
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