1515 Nw 2nd Ave, Fort Lauderdale, FL 33311

$490,000
1,523
SqFt

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List Price
$490,000
MLS
A12051695
Complex Name
Progresso
Status
ACTIVE
Type
Multifamily
Living Area
1,523

Property Description

4.88% 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 $3,600/month with an estimated 4.88% 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.

Additional Information

Days on Market
17
Style
Duplex
#Parking Spaces
3
Year Built
1963
Development Name
Progresso
#Stories
1
Construction Type
CBS Construction
Section
34

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Calculator source: Real Geeks

Listing Courtesy of Related General Realty, LLC., Contact: