848 2nd Ave , for Sale

848 2nd Ave for Sale

Price $1,095,000.00

• 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 booming and developing Progresso Village, close to downtown Ft Lauderdale. AirBnB potential, no rental restrictions! Adjacent to the popular 'ALDI' supermarket & WAWA. Newly built Townhomes, new construction, rezoning and development nearby. This property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are long-term, on annual leases. FULLY OCCUPIED. The Yearly Rental Gross Income for 2022 was $74,856 & for 2023 was $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!

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. Recent comps are $250k per door.

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 booming and developing Progresso Village, close to downtown Ft Lauderdale. AirBnB potential, no rental restrictions! Adjacent to the popular 'ALDI' supermarket & WAWA. Newly built Townhomes, new construction, rezoning and development nearby. This property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are long-term, on annual leases. FULLY OCCUPIED. The Yearly Rental Gross Income for 2022 was $74,856 & for 2023 was $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!

City:Fort Lauderdale,Zoning:RMM-25,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:26.1348461,Cooling Y N:1,List Price:1095000,Listing Id:A11706192,Longitude:-80.1457806,Mls Status:Active,Year Built:1973,Postal Code:33311,Street Name:2nd Ave,Coordinates:1:26.1348461,Photos Count:19,Business Type:1:Residential-Multi-Family,Days On Market:1,Listing Terms:1:Conventional/Refinance,2:Exchange,Lot Size Units:Square Feet,M I A M I R E_ Area:3460,On Market Date:2024-12-08,Parcel Number:494234063450,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 booming and developing Progresso Village, close to downtown Ft Lauderdale. AirBnB potential, no rental restrictions! Adjacent to the popular 'ALDI' supermarket & WAWA. Newly built Townhomes, new construction, rezoning and development nearby. This property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are long-term, on annual leases. FULLY OCCUPIED. The Yearly Rental Gross Income for 2022 was $74,856 & for 2023 was $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!,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. Recent comps are $250k per door.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7486,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:10779,Unparsed Address:848 NW 2nd Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Right To Sell,Building Area Total:1936,Building Area Units:Square Feet,Lot Size Square Feet:6750,Original List Price:1095000,Public Survey Range:49,Documents Available:1:Copy Of Lease(S),2:Owner Managed,3:Photos,4: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 booming and developing Progresso Village, close to downtown Ft Lauderdale. AirBnB potential, no rental restrictions! Adjacent to the popular 'ALDI' supermarket & WAWA. Newly built Townhomes, new construction, rezoning and development nearby. This property is worth its land value many times (zoned RMM-25)! Well maintained, tenants are long-term, on annual leases. FULLY OCCUPIED. The Yearly Rental Gross Income for 2022 was $74,856 & for 2023 was $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 Contract Date:2024-12-08,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Call Listing Agent,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?,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!,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-12-08,Internet Address Display Y N:1,Number Of Units In Community:5,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,