FOR SALE

848 2nd Ave

Broward, Progresso, Fort Lauderdale, FL

Asking

$975,000

BTC

14.349

ETH

495.76

Home Size
1,936 sq. ft.
Year Built
1972
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 $8,200 with room for additional upside through future rent increases or improvements, delivering an attractive 8.13% 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.

LOADING

Location

Market Area
Broward
Neighborhood
PROGRESSO

Agent

Elior Levi

+1 310 910 1722

Contact Email

[email protected]