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1515 NW 2nd Ave, Fort Lauderdale FL 33311

Residential Income

1515 2nd Ave

Fort Lauderdale, FL 33311

ML#:A11718487
List Price:$500,000
Status:Active
Days on Market:484
Listing Brkr:Related General Realty, LLC.
Subdivision:PROGRESSO
Bedrooms:0
Baths:0
SqFt (Liv):1,523
Lot Size:0 sqft
Year Built:1963
Stories:1

General Information

Type Property:Residential Income
Style:Duplex
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33311
Subdivision:PROGRESSO
Latitude:26.146154
Longitude:-80.146652

Additional Features

Flooring:Terrazzo
Heating:Other
Cooling:Ceiling Fan(s), Wall/Window Unit(s)
Construction:CBS Construction
Waterfront:No

Financial Information

Annual Taxes (2024):$9,702
Original Price:$650,000
Days on Market:484

Remarks

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.

Listing Agent

Carlos Pulido

Related General Realty, LLC.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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