Residential Income Active
1515 NW 2nd Ave, Fort Lauderdale FL 33311
  • $540,000

Overview

MLS ID: A11718487
  • 1523 Square Feet
  • Area Size

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.

Details

Updated on January 26, 2026 at 7:32 am
  • MLS ID A11718487
  • Price $540,000
  • Property Size 1523 Square Feet
  • Year Built 1963
  • Property Type Duplex
  • Property Status Residential Income

Additional details

  • MLS Status Active
  • Building Name PROGRESSO
  • Total Building Area 1523
  • Building Area Units Square Feet
  • Cooling Ceiling Fan(s), Wall/Window Unit(s)
  • Heating Other
  • Flooring Terrazzo
  • Roof Shingle
  • Patio And Porch Features Patio
  • Parking Total 3
  • Construction Materials CBS Construction
  • Stories 1
  • Lot Features Less Than 1/4 Acre Lot
  • Lot Size Square Feet 0
  • Style Duplex
  • Rent Includes Other Rent Incl
  • Sewer Other
  • Type of Association None
  • Zoning RDS-15
  • Tax Annual Amount 9702
  • Tax Year 2024
  • Tax Exemptions Tax Reflects No Homestead Exemption
  • Possession Funding
  • Days On Market 380

Address

Open on Google Maps
  • Address: 2nd Ave
  • City: Fort Lauderdale
  • State/county: Broward County
  • Zip/Postal Code: 33311

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