1515 Nw 2nd Ave, Fort Lauderdale, FL 33311

$425,000
1,523
SqFt

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List Price
$425,000
Price Change
▼ $40,000 1793128800
MLS
A12051695
Complex Name
Progresso
Status
ACTIVE
Type
Multifamily
Living Area
1,523
Short Sale
Yes

Property Description

6.57% 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 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. Sold AS-IS with no surprises: full inspection, 4-point, wind mitigation and contractor estimates for roof replacement and cast-iron line lining are available to buyers. Short sale subject to lender approval. Ideal for buy-and-hold or 1031 exchange investors.

Additional Information

Days on Market
110
Style
Duplex
Short Sale
Yes
#Parking Spaces
3
Year Built
1963
Development Name
Progresso
#Stories
1
Construction Type
CBS Construction
Section
34

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