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848 2nd

Fort Lauderdale|, Fort Lauderdale, FL 33311
$975,000
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33311 / Fort Lauderdale / FL

Property Highlights

Active
Property Type Commercial Sale
Sub-Type Multi Family
Year Built 1972
Community Fort Lauderdale|
Cooling Wall/Window Unit(s)

Description

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 $8,774 with room for additional upside through future rent increases or improvements, delivering an attractive 8.83% cap rate. 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!

About This Commercial Sale in Fort Lauderdale

This property is located in Fort Lauderdale|, a community in Fort Lauderdale, FL. People searching for properties in Fort Lauderdale can use this listing page to review property details, photos, location, pricing, and nearby similar listings.

Property Information

Facts & Features

Listing Details
StatusActive
Property TypeCommercial Sale
Property Sub-TypeMulti Family
MLS ID20250803162032697608000000
Interior
Bathrooms0.00
CoolingWall/Window Unit(s)
HeatingWindow/Wall
Exterior
Stories1
Community & HOA
CommunityFort Lauderdale|
CountyBroward
Market Information
List Price$975,000
Days on Market318
Year Built1972
Location

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Property Address 848 2nd

Fort Lauderdale, FL 33311

Community Fort Lauderdale|
County Broward

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