848 Northwest 2nd Avenue

Fort Lauderdale, FL 33311

$1,175,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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 newly opened popular 'ALDI' supermarket & WAWA. Newly built Townhomes, new construction, rezoning and development all around. This property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are long-term, on yearly leases. FULLY OCCUPIED. The Yearly Rental...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 newly opened popular 'ALDI' supermarket & WAWA. Newly built Townhomes, new construction, rezoning and development all around. This property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are long-term, on yearly leases. FULLY OCCUPIED. The Yearly Rental Gross Income for 2022 was $74,856 & for 2023 $85,982. Will continue to GROW! 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 MUST accompany offer!

Listing Agent

  1. Jessica Laleh

    Jessica Laleh

    Listing Agent

    Compass

    jessica.laleh@compass.com

    P: (786)-529-2998

Property Details for 848 Northwest 2nd Avenue

Waterfront
No
Area
3460
Auction
No
Num Stories
1
LISTING UPDATED: 08/08/2024 09:00 PM

Property Details for 848 Northwest 2nd Avenue

StatusActive
MLS #A11637888
Days on Market84
Taxes$10,871 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1972
Lot Size0.15 AC / 6,750 SF
CountyBroward County
Buyer's Agent Compensation2%

Building Information for 848 Northwest 2nd Avenue

Stories-Residences-Year Built1972Building Size-Lot Size0.15 AC / 6,750 SF

Property Information for 848 Northwest 2nd Avenue

Location Information
Location Information
  • Parcel Number Free Text: 494234063450
  • Parcel Number MLX: 3450
  • MLS Area: 3460
  • Township Range: 49
  • Section: 34
  • Subdivision Number: 6
  • Unit Count: 5
  • Zoning Information: RMM-25
General Information
Parking
  • Num Parking Spaces: 8
General Information
  • Prop Type-Type of Building: Residential-Multi-Family
  • Building Sq Ft: 1,936
  • Approximate Lot Size: 6750
  • Property Sq Ft: 6750
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Roof Description: Tile Roof
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
Additional Property Information
Utilities
  • Cooling Description: Wall/Window Unit Cooling
  • Water Description: Public Water
Additional Property Information
  • Guest Accommodations: No
  • Num Units: 5
  • Miscellaneous Information: Laundry Facilities
Financial Information
Financial Information
  • Total Mortgage: $1,894,400
  • Flood Zone: AE
  • Information Available: Contracts, Copy Of Lease(S), Owner Managed, Photos, Rent Rolls
Rental Information
Rent Information
  • Deposit Information: Security Deposit

Property History for 848 Northwest 2nd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 848 Northwest 2nd Avenue

Taxable ValueLand$33,750Additions$424,620Total$458,370
Tax Record2023$10,871 ($906 / month)
Home Facts
Total Finished SqFt1,936 SqFtAbove Grade Finished SqFt1,936 SqFtStories1Lot Size6,750 SqFtStyleMulti-Family Dwelling (2-4)Year Built1972Year Renovated1973ZoningRMM-25CountyBROWARDAPN49-42-34-06-3450

Schools near 848 Northwest 2nd Avenue

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
North Side Elementary School
PublicPK to 5

Sunrise Middle School
Public6 to 8

Fort Lauderdale High School
Public9 to 12

Sunrise High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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848 Northwest 2nd Avenue is a multi-family home for sale in Fort Lauderdale, FL 33311. This property was listed for sale on August 8, 2024 by Compass, it's currently listed at $1,175,000. It has been on the market for a total of 84 days and was last sold on June 20, 2019. This listing's school district is Broward. Nearby schools include North Side Elementary School, Sunrise Middle School and Fort Lauderdale High School. 848 Northwest 2nd Avenue is a 0-bed, 0-bath, multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.