1515 NW 2nd Ave, Fort Lauderdale, FL 33311
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1515 NW 2nd Ave, Fort Lauderdale, FL 33311
1515 NW 2nd Ave, Fort Lauderdale, FL 33311
1515 NW 2nd Ave, Fort Lauderdale, FL 33311
1515 NW 2nd Ave, Fort Lauderdale, FL 33311
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 465,000
Est. payment /mo
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Price Dropped by $25K

1515 NW 2nd Ave Fort Lauderdale, FL 33311

1,523 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,523 sqft

Price per Sqft $305

Subdivision Progresso

MLS Listing ID A12051695

HOA Y/N No

Year Built 1963

Annual Tax Amount $9,912

Tax Year 2025

Property Sub-Type Duplex

Property Description

5.86% EST. CAP RATE!! Fully rented duplex near highly desirable Wilton Manors generating $3,600/month in rental income. Tenants pay water and electricity, helping keep owner expenses low and providing immediate income from day one. Each unit offers its own washer/dryer, water heater, separate electric meter and private backyard—features that support tenant privacy and long-term rental appeal. Property features mostly PVC plumbing, no cloth wiring and newer appliances. Long-term tenants are already in place with active leases. Minutes from Wilton Manors, Las Olas, Flagler Village, Sistrunk Marketplace, Downtown Fort Lauderdale and the beach. An attractive opportunity for buy-and-hold or 1031 exchange investors seeking an occupied income-producing asset in a prime Fort Lauderdale location.

Location

State FL

County Broward

Community Progresso

Area 3390

Zoning RDS-15

Direction 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.

Interior

Heating Other

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Terrazzo

Exterior

Exterior Feature Patio

Pool None

Utilities Available Cable Available

Roof Type Shingle

Porch Patio

Total Parking Spaces 3

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Other

Level or Stories One

Structure Type Block

Others

Tax ID 494234016370

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12051695

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Related General Realty, LLC.

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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1515 NW 2nd Ave