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848 NW 2nd Ave
Fort Lauderdale, FL 33311 Progresso Village

$1,049,000 USD

Apartments For Sale • 2,293 SF

Property Details

Property Type Apartments
Total Building Size 2,293 SF
Lot Size 0.15 AC
Building Class C
Year Built 1972
Cap Rate 7.55 %
Zoning RMM-25

52 Transit Score

89 Walk Score

                
                    Highlights
                
                                Unit Mix: Three 1-bed/1-bath units and two studios
                            
                                Stabilized Asset: Fully leased to long-term tenants, offering dependable income with minimal management.
                            
                                Desirable Location: Minutes from Downtown, Flagler Village, Brightline station, and the beach
                            
                                Zoning: RMM-25 flexible residential zoning allows buyer to explore future redevelopment or expansion potential.
                            
                                Seller Financing Available: 45% down, 5.5% interest-only for 3 years.
                            
                                Area Growth: Surrounded by major developments and high-rise projects already underway.

Property Flyers

848 NW 2ND AVE-NLEVI-ELEVI-FLYER

Financial Summary (Actual)

Net Operating Income: $79,221 USD (2024)

Cap Rate:	7.55 %
Total Expenses:	$19,179 USD

Amenities

Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
Fort Lauderdale (Mainline - Brightline)	2 min	16 min	0.9 mi
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	9 min	-	3.5 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	15 min	-	8.6 mi
Miami International	52 min	-	33.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Elior Levi 954-743-7594 Fausto Commercial Realty Consultants

848 NW 2nd Ave Fort Lauderdale, FL 33311 Progresso Village