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848 Nw 2nd Ave, Fort Lauderdale, FL – $1,175,000

  • $1.2M Price
  • $1.2M Price

848 Nw 2nd Ave

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 newly opened popular 'ALDI' supermarket & WAWA. Newly built Townhomes, new construction, rezoning and development all around. This property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are long-term, on yearly leases. FULLY OCCUPIED. The Yearly Rental Gross Income for 2022 was $74,856 & for 2023 $85,982. Will continue to GROW! Complex has a Laundromat (one Coin washer & dryer) generating extra income. Expenses include Lawn, Water, common electric, Insurance & Property Taxes. Tenants will NOT be disturbed. Proof of Funds MUST accompany​​‌​​​​‌​‌​​​​​‌​‌​​​‌‌​ offer!

Essential Information

  • MLS® #A11637888
  • Price$1,175,000
  • Bathrooms0.00
  • Year Built1972
  • TypeCommercial
  • Sub-TypeMulti Family
  • StatusActive

Community Information

  • Address848 Nw 2nd Ave
  • Area3460
  • CityFort Lauderdale
  • CountyBroward County
  • StateFL
  • Zip Code33311-7486

Interior

  • InteriorTile
  • CoolingWall/Window Unit(s)
  • # of Stories1
  • StoriesOne

Exterior

  • RoofTile
  • ConstructionBlock

Additional Information

  • Listing Courtesy ofCompass Florida, LLC
  • Date ListedAugust 8th, 2024
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