1515 NW 2nd Ave, Fort Lauderdale FL 33311 | Broward County | A11718487
- $500,000
- Duplex
- 1523 Square Feet
1515 NW 2nd Ave, Fort Lauderdale FL 33311 | Broward County | A11718487
- $500,000
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.
Address
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Address: 2nd Ave
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City: Fort Lauderdale
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State/county: Broward County
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Zip/Postal Code: 33311
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Area: PROGRESSO
Details
Updated on May 9, 2026 at 2:34 am-
Property ID A11718487
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Price $500,000
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Property Size 1523 Square Feet
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Year Built 1963
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Type Duplex
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Property Status Residential Income
Additional details
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ArchitecturalStyle Attached
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BuildingAreaTotal 1523
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BuildingAreaUnits Square Feet
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BuildingName PROGRESSO
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ConstructionMaterials CBS Construction
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ContractStatusChangeDate 2025-01-09
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Cooling Ceiling Fan(s), Wall/Window Unit(s)
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DaysOnMarket 484
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Directions 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.
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DocumentsAvailable Other Available Information
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ExpirationDate 2026-07-09
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Flooring Terrazzo
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Heating Other
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InternetAddressDisplayYN 1
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InternetEntireListingDisplayYN 1
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 305-505-1576
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ListingTerms All Cash, Conventional
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LotFeatures Less Than 1/4 Acre Lot
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LotSizeSquareFeet 0
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MLSAreaMajor Progresso
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MajorChangeTimestamp May 8, 2026 at 08:56pm
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MajorChangeType Price Decrease
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MlsStatus Active
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ModificationTimestamp May 8, 2026 at 08:56pm
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NumberOfUnitsInCommunity 2
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NumberOfUnitsTotal 2
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OnMarketDate 2025-01-09
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OriginalEntryTimestamp January 9, 2025 at 05:23pm
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OriginalListPrice 650000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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ParcelNumber 494234016370
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ParkingTotal 3
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PatioAndPorchFeatures Patio
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PhotosChangeTimestamp February 5, 2026 at 06:04am
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PhotosCount 64
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Possession Funding
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PostalCode 33311
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PostalCodePlus4 5547
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PreviousListPrice 510000
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PriceChangeTimestamp May 8, 2026 at 08:56pm
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PublicSurveyRange 49
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PublicSurveySection 34
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PublicSurveyTownship 49
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RentIncludes Other Rent Incl
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Roof Shingle
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Sewer Other
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ShowingContactType Agent
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ShowingInstructions Call Listing Agent
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SourceSystemKey 405227367
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StateOrProvince FL
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StatusChangeTimestamp January 9, 2025 at 05:23pm
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Stories 1
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StoriesTotal 1
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StreetDirPrefix NW
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StreetName 2nd Ave
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StreetNumber 1515
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StreetNumberNumeric 1515
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StructureType Duplex
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SyndicationRemarks 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.
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TaxAnnualAmount 9702
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TaxLegalDescription PROGRESSO 2-18 D LOT 9 BLK 32
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TaxYear 2024
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YearBuiltDetails Resale
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Zoning RDS-15
Features
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