FL > Fort Lauderdale > Progresso 2-18 D
Fort Lauderdale, FL 33311,1500 NW 2nd Ave
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Fort Lauderdale, FL 33311,1500 NW 2nd Ave
Fort Lauderdale, FL 33311,1500 NW 2nd Ave
Fort Lauderdale, FL 33311,1500 NW 2nd Ave
Fort Lauderdale, FL 33311,1500 NW 2nd Ave
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 545,000
Est. payment /mo
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Active

1500 NW 2nd Ave Fort Lauderdale, FL 33311

744 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 744 sqft

Price per Sqft $732

Subdivision Progresso 2-18 D

MLS Listing ID F10541961

Style Duplex

Construction Status Resale

Total Fin. Sqft 6750

Year Built 1973

Annual Tax Amount $6,098

Tax Year 2024

Property Sub-Type Duplex

Property Description

Unlock the potential of this well-located Ft. Lauderdale duplex, a true value-add investment in one of South FL's most desirable rental markets. With a projected cap rate of 6%+, this property offers immediate income and significant upside.
The current financials do not reflect the property's full earning potential—rents are substantially below market, presenting a clear opportunity for increased cash flow over time. Both units are currently occupied, providing day-one income for the next owner.
Major updates include newer water heaters and A/C units reducing near term capital expenses and adding peace of mind.
If you're looking to add a strong asset to your portfolio, this duplex checks all the boxes: location, stability, and upside.
Listing agent related to seller.

Location

State FL

County Broward County

Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)

Zoning RDS-15

Interior

Heating Central Heat

Cooling Ceiling Fans, Central Cooling

Flooring Tile Floors

Exterior

Roof Type Comp Shingle Roof

Building

Lot Description Less Than 1/4 Acre Lot

Story 1.0000

Foundation Concrete Block Construction

Sewer Municipal Sewer

Construction Status Resale

Others

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Virtual Tour https://www.propertypanorama.com/1500-NW-2nd-Ave-Fort-Lauderdale-FL-33311/unbranded

BeachesMLS Matrix (RAPB-F prefix)
Listed by Charles Rutenberg Realty Orlan
Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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1500 NW 2nd Ave

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