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Investment Opportunity

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1515 NW 2nd Ave Fort Lauderdale FL 33311 MLS #A11718487

1515 NW 2nd Ave
Fort Lauderdale, FL, 33311
$550,000
Beds
0 Bathrooms
1,523 SqFt
0 Acres
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$550,000
1515 NW 2nd Ave
Fort Lauderdale, FL, 33311
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Project Description

5.09% 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 $4,150/month with an estimated 5% 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.

Property Details

Price:
$550,000
MLS #:
A11718487
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
PROGRESSO
Neighborhood:
progresso
Listed Date:
Jan 9, 2025
Finished Sq Ft:
1,523
Total Sq Ft:
1,523
Year Built:
1963
Units:
2
ProgressoProgressoProgresso

Schools

Interior

Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Flooring
Terrazzo
Heating
Other

Exterior

Architectural Style
Attached
Construction Materials
CBS Construction
Parking Spots
3
Roof
Shingle

Financial

Tax Year
2024
Taxes
$9,702

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Map

Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
1515 NW 2nd Ave
Fort Lauderdale, FL