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.
Listed by Elior Levi
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License #3574869
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Fausto Commercial Realty Consultants Inc
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954-743-7594
Last updated August 03, 2025
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Source: MIAMIRE #A11841385
Listing Facts
TypeMulti-family
NeighborhoodProgresso Village
Days on Prevu37
Taxes$10,779/year
Size1,936 sqft
Price per sqft$542
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
08/03/2025
Listed by Fausto Commercial Realty Consultants Inc
$1,050,000
Property Details for 848 NW 2nd Ave
Association
General
Number Of Units In Community: 2
Exterior
Construction
Number Of Units Total: 5
Roof: Built-Up, Shingle
Stories: 1
Stories Total: 1
Structure Type: Quadruplex, Fourplex
Year Built: 1972
Year Built Details: Resale
Architectural Style: Detached
Building Name: PROGRESSO
Construction Materials: Concrete Block Construction, CBS Construction
Measurements
Building Area Total: 1,936
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 494234063450
Tax Annual Amount: $10,779.00
Tax Year: 2024
Interior
Features
Flooring: Other, Tile, Vinyl
Measurements
Living Area: 1,936
Living Area Units: Square Feet
Other
Location
Subdivision Name: PROGRESSO
Parking
Parking
Parking Total: 8
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Has Cooling: Yes
Heating: Window/Wall
Has Heating: Yes
Sewer: Public Sewer
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
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