1515 Nw 2nd Ave, Fort Lauderdale, FL

$490,000

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1,523

Square feet

About 1515 Nw 2nd Ave

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.

Condo/co-op/villa/townhouse property for sale in Fort Lauderdale, FL at 1515 Nw 2nd Ave. This Condo/co-op/villa/townhouse property is priced at $322/sqft

Features of 1515 Nw 2nd Ave

MLS® # A11718487
Price $490,000
Bathrooms 0.00
Square Footage 1,523
Year Built 1963
Type Condo/co-op/villa/townhouse
Sub-Type Duplex
Status Active

Community Information: Fort Lauderdale

Address 1515 Nw 2nd Ave
Area 3390
Subdivision PROGRESSO
City Fort Lauderdale
County Broward
State FL
Zip Code 33311-5547

Amenities of 1515 Nw 2nd Ave

Utilities Cable Available
Is Waterfront No
Has Pool No

Interior of 1515 Nw 2nd Ave

Interior Terrazzo
Heating Other
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Fireplace No
# of Stories 1
Stories One

Exterior of 1515 Nw 2nd Ave

Exterior Features Patio
Roof Shingle
Construction Block

Additional Information On 1515 Nw 2nd Ave

Listing Courtesy of Related General Realty, LLC.
Date Listed January 9th, 2025

Listing Details

OfficeRelated General Realty, LLC.

Listing Map

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