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848 NW 2nd AveFort Lauderdale, FL 33311

For Sale

$1,050,000

Smart Buyer Rebate $10,500

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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.