1515 NW 2nd Ave, Fort Lauderdale FL 33311

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

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.

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