848 2nd Ave ,Other, Quadruplex, Progresso for Sale

848 2nd Ave for Sale

Price $1,175,000.00

• Lot size 1936
• Year Build 1973
• Waterfront
• Zip 33311
• Style Other
• Parking Description
• Pool Yes
• Status Active

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. 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

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11305627 5th unit is studio leased at $1366/m. All 5 units rented. 3 one bedrooms and 2 studios total, LEGAL FIVEPLEX. Offers must include Proof of Funds. Showing by Appointment only. PLEASE TEXT 786-529-2998 TO SCHEDULE.

PROGRESSO 2-18 D LOT 47,48 BLK 260

Less Than 1/4 Acre Lot

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. 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

City:Fort Lauderdale,Zoning:RMM-25,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Latitude:26.1348324,Cooling Y N:1,Heating Y N:1,List Price:1175000,Listing Id:A11402049,Longitude:-80.1458242,Mls Status:Active,Year Built:1973,Living Area:1936,Postal Code:33311,Street Name:2nd Ave,Coordinates:1:26.1348324,Photos Count:33,Building Name:PROGRESSO,Days On Market:80,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Progresso,On Market Date:2023-06-12,Parcel Number:494234063450,Parking Total:8,Property Type:Residential Income,Rent Includes:1:Gardener,2:Other Rent Incl,3:Water,Stories Total:1,Street Number:848,M I A M I R E_ Style:Fourplex,Public Remarks: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. 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,Structure Type:1:Fourplex,County Or Parish:Broward County,List Office Name:Compass Florida, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:7486,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:PROGRESSO,Tax Annual Amount:9738,Unparsed Address:848 NW 2nd Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:1936,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:606.9215,Original List Price:1250000,Previous List Price:1250000,Public Survey Range:49,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks: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. 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,Listing Contract Date:2023-06-12,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Appointment Only,See Broker Remarks,Street Number Numeric:848,Tax Legal Description:PROGRESSO 2-18 D LOT 47,48 BLK 260,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:.01%,M I A M I R E_ Adjusted Area S F:1936,Contract Status Change Date:2023-06-12,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:606.92,Internet Automated Valuation Display Y N:1,