Hilda Martins
Price Reduced 8.78%
Price History
$1,150,000
1/16/2024
$1,125,000
3/1/2024
$1,100,000
4/8/2024
$1,049,000
5/16/2024
848 NW 2nd Ave, Fort Lauderdale, FL, 33311
1973
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!!
Status:
Active
Type:
Commercial
Zoning:
RMM-25
Cooling:
Wall/Window Unit(s)
Parking:
8-car
Est. Taxes:
$10,871
Construction
Block
Days on Market:
120
Lease Term Type:
12 Months
MLS #:
A11515319
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Compass Florida, LLC Phone: 305-851-2820