USD 1,300,000
848 NW 2nd Ave
Fort Lauderdale, Florida 33311
For Sale
Property Description
This legal FIVEPLEX consists of three 1/1 & two Studios. This is a unique property to own in fast developing sub division of Progresso Village, close to downtown Ft Lauderdale. Adjacent to the newly opened popular ‘ALDI’ supermarket & WAWA. On East side are newly built Townhomes. Lot of upcoming new construction nearby. This property is worth its land value many times (zoned RMM-25)! The property is well maintained, tenants are long-term, on yearly leases. FULLY OCCUPIED. The Yearly Rental Gross Income is $74,856 & once all leases renewed in 2023, gross rent to be $85,982. The Complex has a Laundromat (one Coin washer & Dryer) generating extra income. Expenses include Lawn, Water, common electric, Insurance & Property Taxes. Tenants will NOT be disturbed. Proof of Funds to accompany offer.
Listed by Compass Florida, LLC
Virtual Tours
Property Details
- ID #
- A11335183
- Status
- Sale
- Type
- Commercial, Industrial
- Zip Code
- 33311
- Year Built
- 1973
- Parking Spaces
- 8
- Building Feature
- Air Conditioning
- Roof Material
- Wood shingle roof
- Water Source
- City/mains water
- Construction
- Concrete Block Construction
- Floor
- Tile Floors
- Miscellaneous
- Laundry Facilities
- Occupancy
- Tenant Occupied
- Type of Building
- Residential-Multi-Family
- Utilities
- Internet
- Zoning Information
- RMM-25
