$ 975,000
-
$975,000
Price -
3
Bed -
5
Bath -
1,936
SqFt
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About the Listing SEFFAUS01 - SEF3574869,SEF3574869
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.
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Separate Meters,Wall Furnace
- Fireplaces:
- Floor: Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: RMM-25
- Roof: Built-Up,Shingle
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $10,779
- Taxes w/Assessments: N/A
- Tax/Property ID: 494234063450
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
848 NW 2nd Ave Fort Lauderdale, FL 33311
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