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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
Sq. Ft: 1,523
Subtype: Duplex
County: Broward
Community: Progresso
Subdivision: Progresso
Year Built: 1963

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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.

954-557-5993

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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
Short Sale: Yes
Stories: 1
Roofing: Shingle
Price Per Sqft: $279