1515 2nd Ave ,Attached, Duplex, Progresso for Sale

1515 2nd Ave for Sale

Price $550,000.00

• Lot size 1523
• Year Build 1963
• Waterfront
• Zip 33311
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

5.09% ROI! Incredible investment opportunity just steps from Wilton Manors?one of South Florida?s most desirable and rapidly growing rental markets. This fully rented duplex produces $4,150/month with an estimated 5% cap rate, offering immediate cash flow with long-term upside. Each unit has its own washer/dryer, water heater, private electric meter, and spacious backyard?ideal for tenants seeking comfort and privacy. Recent updates include PVC plumbing (no cast iron), no cloth wiring, and newer appliances. Located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants in place with active leases. Whether you're looking for a strong ROI, a 1031 exchange, or a turnkey asset in a prime location.

PROGRESSO 2-18 D LOT 9 BLK 32

Less Than 1/4 Acre Lot

5.09% ROI! Incredible investment opportunity just steps from Wilton Manors?one of South Florida?s most desirable and rapidly growing rental markets. This fully rented duplex produces $4,150/month with an estimated 5% cap rate, offering immediate cash flow with long-term upside. Each unit has its own washer/dryer, water heater, private electric meter, and spacious backyard?ideal for tenants seeking comfort and privacy. Recent updates include PVC plumbing (no cast iron), no cloth wiring, and newer appliances. Located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants in place with active leases. Whether you're looking for a strong ROI, a 1031 exchange, or a turnkey asset in a prime location.

City:Fort Lauderdale,Zoning:RDS-15,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:26.1461536,Cooling Y N:1,Heating Y N:1,List Price:550000,Listing Id:A11718487,Longitude:-80.1466521,Mls Status:Active,Year Built:1963,Directions:Take I-95 to Sunrise Blvd and head east. Turn left (north) on NW 9th Ave (Powerline Rd), then right on NW 15th St. Turn left on NW 2nd Ave. Property is on the left side.,Living Area:1523,Postal Code:33311,Street Name:2nd Ave,Coordinates:1:26.1461536,Photos Count:46,Building Name:PROGRESSO,Days On Market:267,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3390,M L S Area Major:Progresso,On Market Date:2025-01-09,Parcel Number:494234016370,Parking Total:3,Property Type:Residential Income,Stories Total:1,Street Number:1515,M I A M I R E_ Style:Duplex,Public Remarks:5.09% ROI! Incredible investment opportunity just steps from Wilton Manors?one of South Florida?s most desirable and rapidly growing rental markets. This fully rented duplex produces $4,150/month with an estimated 5% cap rate, offering immediate cash flow with long-term upside. Each unit has its own washer/dryer, water heater, private electric meter, and spacious backyard?ideal for tenants seeking comfort and privacy. Recent updates include PVC plumbing (no cast iron), no cloth wiring, and newer appliances. Located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants in place with active leases. Whether you're looking for a strong ROI, a 1031 exchange, or a turnkey asset in a prime location.,County Or Parish:Broward County,Expiration Date:2026-01-08,List Office Name:Related ISG Realty, LLC.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:5547,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:PROGRESSO,Tax Annual Amount:9702,Unparsed Address:1515 NW 2nd Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:1523,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:361.1293,Original List Price:650000,Previous List Price:592000,Public Survey Range:49,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Number Of Units Total:2,Syndication Remarks:5.09% ROI! Incredible investment opportunity just steps from Wilton Manors?one of South Florida?s most desirable and rapidly growing rental markets. This fully rented duplex produces $4,150/month with an estimated 5% cap rate, offering immediate cash flow with long-term upside. Each unit has its own washer/dryer, water heater, private electric meter, and spacious backyard?ideal for tenants seeking comfort and privacy. Recent updates include PVC plumbing (no cast iron), no cloth wiring, and newer appliances. Located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants in place with active leases. Whether you're looking for a strong ROI, a 1031 exchange, or a turnkey asset in a prime location.,Listing Contract Date:2025-01-09,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Call Listing Agent,Street Number Numeric:1515,Tax Legal Description:PROGRESSO 2-18 D LOT 9 BLK 32,M I A M I R E_ Current Price:550000,M I A M I R E_ Owner Agent Y N:1,Public Survey Township:49,M I A M I R E_ Total Mortgage:483999,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:1523,M I A M I R E_ Geographic Area:Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810),M I A M I R E_ Internet Remarks:Call or Text Listing Agent for Showing Instructions.,M I A M I R E_ Parcel Number M L X:6370,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$26.146149$-80.146703$272.29$13.33$1.00$6kV8KEkoKdwcJhVl0WBVEA,M I A M I R E_ Supplement Count:2,Contract Status Change Date:2025-01-09,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:1,M I A M I R E_ Agent Alternate Phone:305-505-1576,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1515 NW 2nd Ave,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:361.13,