Basic Information

  • MLS # A11718487
  • Type Duplex
  • Status Active
  • Subdivision/Complex Progresso
  • Year Built 1963
  • Total Sqft 1,523
  • Date Listed 01/09/2025
  • Days on Market 172
Description

5% 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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Exterior Features Patio
  • Roof Description Shingle
  • Style Duplex

Interior Features

  • Adjusted Sqft 1,523Sq.Ft
  • Cooling Description Ceiling Fans, Wall Window Units
  • Floor Description Terrazzo
  • Heating Description Other
  • Sqft 1,523 Sq.Ft

Property Features

  • Address 1515 NW 2nd Ave
  • Aprox. Lot Size 1,523
  • City Fort Lauderdale
  • Construction Materials Block
  • County Broward
  • Furnished Info no
  • Levels One
  • Listing Terms Cash, Conventional
  • Lot Features Less Than Quarter Acre
  • Occupant Type Tenant
  • Patio And Porch Features Patio
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Fort Lauderdale
  • Public Survey Section One
  • Roof Shingle
  • Sewer Description Other
  • Stories 1
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Progresso
  • Tax Amount $9,702
  • Tax Legal desc P R O G R E S S O2-18 D L O T9 B L K32
  • Tax Year 2024
  • Terms Considered Cash, Conventional
  • Type of Property Duplex
  • Year Built Details Resale

1515 NW 2nd Ave

Fort Lauderdale, FL 33311

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Related ISG Realty, LLC.. tel: 305-932-6365

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