1515 NW 2nd Avenue, Fort Lauderdale, FL 33311
- $490,000
- 1,523
- SqFt
- List Price
- $490,000
- MLS#
- A12051695
- Sq. Ft
- 1,523
- Subtype
- Duplex
- County
- Broward
- Subdivision
- Progresso
- Region
- 3390
- Year Built
- 1963
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.
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Additional Information
- Heating
- Other, Separate Meters
- Cooling
- Ceiling Fan(s), Wall/Window Unit(s)
- Roof
- Shingle
- Exterior Features
- Outdoor Living Area
- Parking Spaces
- 3
- Flooring
- Terrazzo
- Construction
- Block
- Living Area
- 1,523
- Elementary School
- Thurgood Marshall
- Middle School
- Sunrise
- High School
- Dillard 6-12
Listing courtesy of Related General Realty, LLC.. Contact: