1515 Nw 2nd Ave, Fort Lauderdale, FL 33311

$490,000
: 1,523
SqFt

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List Price: $490,000
MLS#: A12051695
Sq. Ft: 1,523
Subtype: Duplex
County: Broward
Community: Progresso
Subdivision: Progresso
Year Built: 1963

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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.

954-557-7036

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Additional Information

Status Label: ACTIVE
Total Unitsin Complex: 2
Construction: CBS Construction
Cooling: Ceiling Fan(s), Wall/Window Unit(s)
Flooring: Terrazzo
Heating: Other
Lot Description: Less Than 1/4 Acre Lot
Roof: Shingle
Taxes: $9,912
Total Floors: 1
Stories: 1
Roofing: Shingle
Price Per Sqft: $321