848 NW 2nd Ave, Fort Lauderdale FL 33311 | Broward County | A11841391
- $975,000
- $975,000
Description
Prime 5-unit multifamily in booming Progresso Village, just minutes from Flagler Village, the Brightline station, and the beach. Fully occupied and cash flowing from day one, the property features three 1-bed/1-bath units and two studios, all rented to long-term tenants—most over 5 years. Current monthly income is $8,774 with room for additional upside through future rent increases or improvements, delivering an attractive 8.83% cap rate. Interiors have been lightly updated, and the property includes separate electric meters and low-maintenance operations. Zoned RMM-25 with redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors. Rare seller financing offered at 5.5% interest only!
Property Overview
This is a -bedroom, -bath home of about square feet at 848 NW 2nd Ave, Fort Lauderdale FL 33311 (Fort Lauderdale 33311), listed at $975,000.
Monthly Costs, Stated Plainly
This home has no mandatory HOA (single-family / no association on record).
As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Broward rate near 2.1%: without homestead, about $20,480/yr (≈ $1,707/mo); with the homestead exemption on a primary residence, about $19,420/yr (≈ $1,618/mo). Confirm with the Broward Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The home at 848 NW 2nd Ave, Fort Lauderdale FL 33311 is listed at $975,000. While the MLS does not specify furnished status, fixtures and built-in appliances—like lighting, shelving, and the kitchen range—typically convey with the home. Community amenities, if any, would be shared through the HOA and not included with the property itself. For precise details on what’s included or to clarify furnished status, contact Christopher Lazaro, Fort Lauderdale Real Estate Broker, directly.
Where exactly is it, and what should I know about the location?
848 NW 2nd Ave is situated in Fort Lauderdale 33311, a prime coastal corridor location just minutes from downtown and the beach. This area offers convenient access to major highways, cultural attractions, and waterfront dining while maintaining a residential feel. For precise insights on walkability, zoning, or market dynamics, reach out directly to Christopher Lazaro, Fort Lauderdale Real Estate Broker, who can provide verified details tailored to your needs.
What are the HOA / association fees, and what do they cover?
This single-family home at 848 NW 2nd Ave has no mandatory HOA or association fees—you’ll handle utilities, landscaping, and upkeep directly as the owner. While there’s no HOA, the property remains subject to Fort Lauderdale’s city ordinances for compliance. For complete clarity on local regulations or ownership details, connect with Christopher Lazaro, Fort Lauderdale Real Estate Broker—he’ll ensure you’re fully informed.
What are the property taxes and homestead implications?
At the current list price of $975,000, Florida’s reassessment at sale and Broward County’s approximate 2.1% tax rate yield two scenarios: without homestead, an estimated $20,480 annually (≈ $1,707/month), or with Florida’s homestead exemption — which reduces taxable value for primary residences only — an estimated $19,420 annually (≈ $1,618/month). These are estimates, not guarantees; always consult the Broward Property Appraiser and a tax specialist for precise figures. For personalized guidance on homestead benefits or tax strategies, contact Christopher Lazaro, Fort Lauderdale Real Estate Broker, to discuss your specific situation.
Is the home in a flood zone, and what does that mean?
Flood zones indicate a property's risk level for flooding, with FEMA classifying areas as high-risk (like Zone A or V) or moderate/low-risk (Zone B, C, or X). FEMA's flood zone definitions detail these categories, and you can View the FEMA flood map for this address to confirm its designation. If the home is in a high-risk zone, lenders typically mandate flood insurance—an important cost to factor into your budget. For precise guidance on this property at 848 NW 2nd Ave, connect with Christopher Lazaro, Fort Lauderdale Real Estate Broker, who can clarify risks and next steps.
Are pets allowed?
As a single-family home at 848 NW 2nd Ave, Fort Lauderdale FL 33311, there’s no condo or HOA board restricting pets—ownership or leasing terms dictate the policy, within local ordinances. Documented service animals and emotional support animals (ESAs) are protected under federal law. For precise details on this $975,000 property’s pet allowances, contact Christopher Lazaro, Fort Lauderdale Real Estate Broker, for verified guidance.
How is the price set and is there room to negotiate?
The $975,000 list price reflects a tailored CMA for 848 NW 2nd Ave, weighing recent sales of comparable Fort Lauderdale properties. Broward’s broader market context—single-family homes closing at 96% of list price, averaging 35 days to contract (MIAMI REALTORS®, May 2026)—suggests measured negotiability, but hyperlocal dynamics can shift this. Let’s review a fresh Fort Lauderdale-specific CMA together to pinpoint your ideal offer strategy. Connect with Christopher Lazaro, Fort Lauderdale Real Estate Broker, to verify the latest figures and discuss next steps.
What financing step do you recommend before touring?
Before touring 848 NW 2nd Ave, I strongly recommend securing a pre-approval from a Florida Licensed Mortgage Loan Originator. This clarifies your budget and strengthens your position in competitive markets like Fort Lauderdale’s $975,000+ segment. For personalized guidance—or to verify this home’s fit for your goals—reach out directly to Christopher Lazaro, Fort Lauderdale Real Estate Broker, who’ll prioritize your best interests.
Have a question about this Fort Lauderdale listing?
Talk directly with Christopher Lazaro, your Fort Lauderdale real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 2nd Ave
-
City: Fort Lauderdale
-
Zip/Postal Code: 33311
Details
Updated on July 4, 2026 at 7:41 pm-
Property ID A11841391
-
Price $975,000
-
Year Built 1972
-
Property Status Active, Commercial Sale
Additional details
-
Flooring Other, Tile, Vinyl
-
Cooling Wall/Window Unit(s)
-
Association No
-
Private Pool No
-
Listing Terms All Cash, Conventional/Refinance, Owner Will Carry
-
Waterfront No
-
Total Stories 1
-
Parking Common
-
Heating Wall/Window Units
-
Structure Type Commercial
-
Construction Concrete Block Construction, CBS Construction
-
Building Area 1936
-
Inclusions Building & Land
-
Flood Zone AE
-
New Construction No
-
Lot Size (Sq Ft) 6750
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees