HOT AREA! This legal FIVEPLEX consists of three 1/1 & two Studios. A unique property to own in fast developing Progresso Village, close to downtown Ft Lauderdale. AirBnB potential, no rental restrictions! Adjacent to the new ‘ALDI’ supermarket & WAWA. New Townhomes on east side. Lot of upcoming construction nearby. Property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are on yearly leases. FULLY OCCUPIED. Building has security deposits/last month rent! The Yearly Rental Gross Income for 2022 was $74,856 & for 2023 $85,982. Immense yearly GROWTH! Complex has coin operated Washer & Dryer, generating extra income!
Expenses include lawn, water, common electric, insurance & property taxes. Do NOT disturb tenants. POF to show! AS IS. 1031 Exchange Buyers welcome!!
Expenses include lawn, water, common electric, insurance & property taxes. Do NOT disturb tenants. POF to show! AS IS. 1031 Exchange Buyers welcome!!
Property Details
Price:
$1,049,000
MLS #:
A11515319
Status:
Active
Beds:
0
Baths:
0
Address:
848 NW 2nd Ave
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Fort Lauderdale
Listed Date:
Jan 16, 2024
State:
FL
Finished Sq Ft:
1,936
ZIP:
33311
Year Built:
1973
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Tile
Exterior
Parking Spots
8
Roof
Shingle
Financial
Buyer Agent Compensation
2%%
Taxes
$10,871
Map
Community
- Address848 NW 2nd Ave Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33311
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