About 1500 Nw 2nd Avenue
Unlock the potential of this well-located Ft. Lauderdale duplex, a true value-add investment in one of South FL’s most desirable rental markets. With a projected cap rate of 6%+, this property offers immediate income and significant upside.The current financials do not reflect the property’s full earning potential—rents are substantially below market, presenting a clear opportunity for increased cash flow over time. Both units are currently occupied, providing day-one income for the next owner.Major updates include newer water heaters and A/C units reducing near term capital expenses and adding peace of mind.If you’re looking to add a strong asset to your portfolio, this duplex checks all the boxes: location, stability, and upside. Listing agent related to seller.
Features of 1500 Nw 2nd Avenue
| MLS® # | F10541961 |
|---|---|
| USD | $525,000 |
| CAD | $724,616 |
| CNY | 元3,523,433 |
| EUR | €452,172 |
| GBP | £388,163 |
| RUB | ₽45,451,298 |
| Bathrooms | 0.00 |
| Square Footage | 744 |
| Year Built | 1973 |
| Type | Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 1500 Nw 2nd Avenue |
|---|---|
| Area | 3390 |
| Subdivision | Progresso 2-18 D |
| City | Fort Lauderdale |
| County | Broward |
| State | FL |
| Zip Code | 33311-5548 |
Amenities
| Utilities | Cable Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile |
|---|---|
| Heating | Central |
| Cooling | Central Air, Ceiling Fan(s) |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Construction | Block |