$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
Property Direction
- Address1515 NW 2nd Ave Fort Lauderdale FL
- SubdivisionPROGRESSO
- CityFort Lauderdale
- CountyBroward County
- Zip Code33311
Subdivisions in Fort Lauderdale
- ARGONNE HEIGHTS AMD PLACE 16-8 B
- CORAL HILLS 37-20 B
- CORAL RIDGE ISLES
- FLA FRUIT LANDS CO SUB 1
- GARDEN VIEW APTS CONDO
- GOLDEN HEIGHTS HOMES 40-28 B
- IMPERIAL POINT 2 SEC 54-19 B
- LAUDERDALE ISLES 2-BLK 12
- LAUDERDALE ISLES 2-BLK 7
- LAUDERDALE VILLAS 29-37 B
- LINCOLN PARK
- M & I 135-4 B
- MARY-KNOLL 39-48 B
- MELROSE MANORS
- NORTH ANDREWS TERRACE FIRST ADD
- OAKLAND OCEAN MILE
- PINE ISLAND COMM 167-50 B
- PLAYA DEL MAR CONDO
- SANDS POINT CONDO II
- SOUTHPOINT CONDO
- TAMARAC GARDENS CONDO
- TRENT CONDO D
- TWIN LAKES EAST 79-22 B
- VILLA ALHAMBRA CONDO
- WOODLANDS SEC SIX 67-40 B
- YELLOWSTONE PARK AMD
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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1515 NW 2nd Ave
Fort Lauderdale, FL