Address
848 Nw 2nd Ave, Fort Lauderdale, FL
Price
$ 975,000
Property Attributes
- MLS#A11841385
- TypeSingle Family
- Listing Status ActiveUnderContract
- CountyBroward
- CityFort Lauderdale
- Area3810
- NeighborhoodPROGRESSO
- Zip33311
- Style
- Year Built1972
- Taxes$ 10779
- Price$ 975,000
- Bedrooms3
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage1936
Data Source:
Southeast Florida MLS (SEFMLS)
Property 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.
| Price History | |
|---|---|
| 10/22/2025 | Listed $1,050,000 |
| 1/5/2026 | 7$975,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | WallFurnace |
| Cooling | WallWindowUnits |
| Utilities | CableAvailable |
| Possession | ClosingAndFunding |
| Roof | BuiltUp,Shingle |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1972 |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Quadruplex |
| Tax Year | 2024 |
| County | Broward |
| Property Type | ResidentialIncome |
| Contingency | Pending Inspections |
| Subdivision Name | PROGRESSO |
| Rent Includes | Gardener,HotWater,Other,PestControl,Sewer,TrashCollection,Water |
| Full Baths | 5 |
| Status | ActiveUnderContract |
| City | Fort Lauderdale |
| Zoning Description | RMM-25 |
| Number Of Units Total | 8 |
| MLS Area | 3810 |
| Lot Size Units | SquareFeet |
| Listing Terms | Cash,Conventional,OwnerMayCarry,Other |
| Year Built Details | Resale |
| Tax Annual Amount | 10779 |
| MLS Area Minor | Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810) |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11841385 |
| Standard Status | ActiveUnderContract |
| Occupancy Type | CallAgent |
| Property Sub Type Additional | Quadruplex |
| PostalCity | Fort Lauderdale |
| Legal Description | PROGRESSO 2-18 D LOT 47,48 BLK 260 |
Interior Features
| Flooring | Other,Tile,Vinyl |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 3 |
Exterior Features
| Lot Features | LessThanQuarterAcre |
|---|---|
| Total Parking | 8 |
| Building Area Total | 1936 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33311
Price
Taxes
Year Built
In The Neighborhood
Fort Lauderdale
$ 2,375,000
1724 Ne 16th Ave
Fort Lauderdale, FL 33305
- Type
- Single Family
- Rooms
- 4 Beds + 3.5 Baths
Fort Lauderdale
$ 917,000
1525 Ne 18th Ave
Fort Lauderdale, FL 33304
- Type
- Single Family
- Size
- 1,426 SqFt
- Rooms
- 3 Beds + 2 Baths
Fort Lauderdale
$ 847,000
1716 Ne 17th Ave
Fort Lauderdale, FL 33305
- Type
- Single Family
- Size
- 1,832 SqFt
- Rooms
- 4 Beds + 2 Baths
Seller Financing
Fort Lauderdale
$ 545,000
1609 Nw 7th Ter
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 2,034 SqFt
- Rooms
- 4 Beds + 2 Baths
Short Sale
Fort Lauderdale
$ 435,000
1421 Nw 3rd Ave
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 972 SqFt
- Rooms
- 3 Beds + 2 Baths
Fort Lauderdale
$ 435,000
1516 Nw 6th Ave
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 1,103 SqFt
- Rooms
- 3 Beds + 2 Baths
Foreclosure
Fort Lauderdale
$ 975,000
1743 Ne 16th St
Fort Lauderdale, FL 33304
- Type
- Single Family
- Size
- 960 SqFt
- Rooms
- 2 Beds + 1 Baths
Open House
Fort Lauderdale
$ 410,000
1115 Nw 1st Ave
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 864 SqFt
- Rooms
- 2 Beds + 1 Baths
Reduced
Fort Lauderdale
$ 490,000
1332 Nw 3rd Ave
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 1,225 SqFt
- Rooms
- 4 Beds + 2 Baths
Reduced
Fort Lauderdale
$ 424,900
1444 Nw 2nd Ave
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 870 SqFt
- Rooms
- 2 Beds + 1 Baths
Reduced
Fort Lauderdale
$ 524,900
1521 Nw 1st Ave
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 1,372 SqFt
- Rooms
- 4 Beds + 2 Baths
Fort Lauderdale
$ 910,000
1749 Ne 9th St
Fort Lauderdale, FL 33304
- Type
- Single Family
- Size
- 2,436 SqFt
- Rooms
- 3 Beds + 3.5 Baths
Views
Fort Lauderdale
$ 4,700
1230 Nw 7th Ave
Fort Lauderdale, FL 33311
- Type
- Single Family
- Size
- 1,098 SqFt
- Rooms
- 3 Beds + 3 Baths
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Data Last Updated: September 21, 2026 1:05 AM UTC
