739 NW 2nd Ave - Apartments FOR SALE


Fort Lauderdale, FL 33311- Progresso Village
$990,000 USD
954-893-1342
739 NW 2nd Ave, Fort Lauderdale, FL for Sale
$990,000 USD
Apartments - FOR SALE
1/33
null | 5.89% Cap Rate

739 NW 2nd Ave
Fort Lauderdale, FL 33311
Progresso Village


HIGHLIGHTS

  • Fast Developing Area
  • 2017 Built Twin Home
  • Separate Folios- Separate Meter
  • 3bed/2bath , 1476 sqft, 1 car garage each
  • 20 approved/under construction projects in the immediate area
  • Near FatVillage, ThriveArts, Brightline

OVERVIEW

ack on the market—buyer’s DSCR loan fell through. Bank appraisal came in at value- RENTAL COMP at 3,200. Above a 5 percent cap rate. Rare investment opportunity to own both sides of a modern 2017-built, fee-simple twin townhouse in booming Progresso Village. Each unit offers 3 beds, 2 baths, impact windows, and 1-car garage. Strong rental comps at $3,200/month and recent lender appraisal at $487K/door. Located in an Opportunity Zone with two separate folios. Walk to FAT Village, Thrive Arts, Flagler Village & Brightline. Surrounded by major developments. Units can also be sold individually at $495K. High rental demand + proven value = strong cash flow & upside. Don’t miss this appreciating asset in one of Fort Lauderdale’s fastest-growing areas.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

2

PRICE/UNIT

$495,000

CAP RATE

5.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,992 SF

ZONING

RMM-25

APN/PARCEL ID

49-42-34-07-0511,49-42-34-07-0513

ASK ABOUT THIS PROPERTY

Ron YanksThe Keyes CompanyMore Info
954-893-1342

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Ron YanksThe Keyes CompanyMore Info
954-893-1342

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.