1515 NW 2nd Ave, Fort Lauderdale, FL 33311

Description of 1515 NW 2nd Ave, Fort Lauderdale, FL 33311

5.86% 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 mostly PVC plumbing, 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. An attractive opportunity for buy-and-hold or 1031 exchange investors seeking an occupied income-producing asset in a prime Fort Lauderdale location.

Property Details for 1515 NW 2nd Ave, Fort Lauderdale, FL 33311

Flooring

Terrazzo

Heating

Other

Cooling

Ceiling Fan(s), Wall/Window Unit(s)

Architectural Style

Attached

Pool Private

No

Year Built Details

Resale

Building Information for 1515 NW 2nd Ave, Fort Lauderdale, FL 33311

Building Name

PROGRESSO

Building Area Total

1523

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 1515 NW 2nd Ave, Fort Lauderdale, FL 33311

Lot Features

Less Than 1/4 Acre Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Shingle

Sewer

Other

New Construction

No

Public Records for 1515 NW 2nd Ave, Fort Lauderdale, FL 33311

Parcel Number

494234016370

Tax Annual Amount

$9,912

Tax Year

2,025

Tax Legal Description

PROGRESSO 2-18 D LOT 9 BLK 32

Zoning

RDS-15

County Or Parish

Broward County

Location