1515 NW 2nd Ave Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33311
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,523 sqft
Price per Sqft $393
Subdivision Progresso
MLS Listing ID A11718487
Year Built 1963
Annual Tax Amount $9,702
Tax Year 2024
Property Sub-Type Duplex
Property Description
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 4.7% 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.
Location
State FL
County Broward
Community Progresso
Area 3390
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
Building
Lot Description < 1/4 Acre
Story 1
Sewer Other
Structure Type Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11718487