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$975,000

  • For Sale
  • Active
  • Apartment
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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!

Full Property Details for 848 NW 2nd Ave

General

  • Price: $975,000
  • Status: Active
  • Type: Apartment
  • Source: Greater_Miami
  • MLS ID: A11841391
  • Updated: 7/16/2026
  • Added to Site: 384 day(s) ago

Business

  • Business Type: Apartments

Rental Information

  • Lease/Rent Term: 1 To 3 Year Lease

Interior

  • Flooring: Other, Tile, Vinyl

Parking

  • Parking Features: Common

Location

  • County: Broward County

Community

  • Units Assoc/Comm: 5

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall/Window Units

Utilities

  • Sewer: Public Sanitation
  • Water: Public

Structural Information

  • Structure Type: Commercial
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction, CBS Construction
  • Roof: Built-Up, Shingle
  • Stories/Levels: 1
  • Building Size: 1936
  • Year Built: 1972

Unit Information

  • Units in Complex: 5

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,750
  • Lot Features: City Location
  • Zoning: RMM-25

Financial Considerations

  • Terms: All Cash, Conventional/Refinance, Owner Will Carry

Disclosures and Reports

  • Special Conditions: Sale
  • Legal Description: PROGRESSO 2-18 D LOT 47, 48 BLK 260
  • Inclusions: Building & Land
  • Property ID: 494234063450

Listed by Fausto Commercial Realty Consultants Inc

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Listing agent

— 848 NW 2nd Ave —

  • Fausto Commercial Realty Consultants Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 848 NW 2nd Ave

School District:Broward County School District
NameGradesDistance
North Side Elementary School
120 Northeast 11th Street, Fort Lauderdale, FL 33304
PK-50.3 mi
Sunrise Middle School
1750 Northeast 14th Street, Fort Lauderdale, FL 33304
6-81.5 mi
Fort Lauderdale High School
1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 848 NW 2nd Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/05/2026
Price Reduced
$975,000
-7.14%
MLS
8/03/2025
Listed
$1,050,000
-11.32%
MLS
6/14/2019
Sold
$1,184,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 848 NW 2nd Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,539
7%
$476,430
—
2024
$10,779
—
$476,430
4%
2024
$10,779
-1%
$458,370
—
2023
$10,871
7%
$458,370
6%
2022
$10,144
7%
$433,650
6%
2021
$9,468
—
$408,930
14%
2021
$9,468
14%
$358,440
2%
2019
$8,340
16%
$351,760
10%
2018
$7,175
8%
$319,790
10%
2017
$6,651
5%
$290,720
10%
2016
$6,319
18%
$264,500
23%
2015
$5,377
7%
$214,880
10%
2014
$5,028
66%
$195,350
108%
2013
$3,025
—
$93,970
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 848 NW 2nd Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Fausto Commercial Realty Consultants Inc

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848 NW 2nd Ave, Fort Lauderdale, FL 33311 (MLS# A11841391) is a Apartment property. 848 NW 2nd Ave is currently listed for $975,000 and was received on August 03, 2025. Want to learn more about 848 NW 2nd Ave? Do you have questions about finding other Apartment real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.

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