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848 NW 2nd Ave

$1,050,000

848 NW 2nd Ave, Oakland Park, FL 33311

Active
Last Updated: 08/04/2025

1,936 sqft

Building Size

5

Units

Details:
Building Size:    1,936 sqft
Units:    5
Year Built:    1972
Floors:    1
Highlights:
  • Lot Features: City Location
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall/Window Units
  • Flooring: Other, Tile, Vinyl
  • Construction Materials: Concrete Block Construction, CBS Construction
  • Parking Features: Common
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 $8,200 with room for additional upside through future rent increases or improvements. 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.

Map:
Location
Gallery