848 NW 2nd Ave, Fort Lauderdale FL 33311
Fort LauderdaleMap
| Price | $1,175,000.00 |
| Listing ID | A11401365 |
| Status | For Sale |
| Address Map |
848 NW 2nd Ave, Fort Lauderdale FL 33311 |
| Area | Fort Lauderdale |
| Beds | |
| Baths | |
| Square Ft | |
| Lot Size | 6,750 |
| Year Built | 1973 |
| Taxes | $9,738 |
Description
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. On East side are newly built Townhomes. Lot of upcoming construction nearby. 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 is $74,856 & once all leases renewed in 2023, gross rent to be $85,982. 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.