848 NW 2nd Ave

$1,039,000

848 NW 2nd Ave, Fort Lauderdale, FL 33311

For Sale

Multifamily

Active

Last Updated: 02/21/2025

Details:

Building Size: 1,936 sqft

Units: 5

Year Built: 1972

Floors: 1

Offered by Realtor

Jessica Laleh

IBIS Realty Group, Inc.

#3318633

Request Info to Unlock

Highlights:

Building Features: Laundry Facilities
Documents Available: Contracts, Copy Of Lease(S), Owner Managed, Photos, Rent Rolls
Cooling: Wall/Window Unit(s)
Flooring: Tile

Description:

HOT AREA! This legal FIVEPLEX consists of three 1/1 & two studios. A unique property to own in booming and developing Progresso Village, close to downtown Ft Lauderdale. AirBnB potential, no rental restrictions! Adjacent to the popular 'ALDI' supermarket & WAWA. Newly built Townhomes, new construction, rezoning and development nearby. This property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are long-term, on annual leases. FULLY OCCUPIED. The Yearly Rental Gross Income for 2022 was $74,856 & for 2023 was $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!