848 2nd Ave ,Residential-multi-family for Sale & Rent

848 2nd Ave for Sale & Rent

Price $1,100,000.00

• Lot size 6750
• Year Build 1973
• Waterfront
• Zip 33311
• Style
• Parking Description
• Pool Yes
• Status Active

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 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!!

All 5 units rented. 3 one bedrooms and 2 studios total, LEGAL FIVEPLEX. AREA IS EXPERIENCING A LOT OF GROWTH AND NEW DEVELOPMENT NEARBY. Offers must include Proof of Funds and/or preapproval letter. Showing by Appointment only. PLEASE TEXT 786-529-2998/718-501-8410 TO SCHEDULE. Great investment. 1031 Exchange welcome. Please note property is well maintained but shall be sold AS IS.

PROGRESSO 2-18 D LOT 47,48 BLK 260

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!!

City:Fort Lauderdale,Zoning:RMM-25,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:26.1348324,Cooling Y N:1,Lease Term:Annual Lease,List Price:1100000,Listing Id:A11515319,Longitude:-80.1458242,Mls Status:Active,Year Built:1973,Postal Code:33311,Street Name:2nd Ave,Coordinates:1:26.1348324,Photos Count:49,Days On Market:82,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3460,On Market Date:2024-01-16,Parcel Number:494234063450,Parking Total:8,Property Type:Commercial Sale,Stories Total:1,Street Number:848,Public Remarks: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!!,County Or Parish:Broward County,List Office Name:Compass Florida, LLC,Private Remarks:All 5 units rented. 3 one bedrooms and 2 studios total, LEGAL FIVEPLEX. AREA IS EXPERIENCING A LOT OF GROWTH AND NEW DEVELOPMENT NEARBY. Offers must include Proof of Funds and/or preapproval letter. Showing by Appointment only. PLEASE TEXT 786-529-2998/718-501-8410 TO SCHEDULE. Great investment. 1031 Exchange welcome. Please note property is well maintained but shall be sold AS IS.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:7486,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:10871,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,Lease Considered Y N:1,Lot Size Square Feet:6750,Original List Price:1150000,Previous List Price:1125000,Public Survey Range:49,Documents Available:1:Owner Managed,2:Photos,3:Rent Rolls,I D X Participation Y N:1,Syndication Remarks: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!!,Listing Contract Date:2024-01-16,Originating System I D:miamire,Public Survey Section:34,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:2%,M I A M I R E_ Internet Remarks:LEGAL FIVEPLEX for sale in upcoming Progresso Village in excellent location. Generate income immediately! DO NOT DISTURB TENANTS! GREAT INVESTMENT!,Contract Status Change Date:2024-01-16,Internet Address Display Y N:1,Number Of Units In Community:5,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,