1500 NW 2nd Avenue, Fort Lauderdale, FL 33311 (MLS# F10541961)

1500 NW 2nd Avenue, Fort Lauderdale, FL 33311

$525,000
Property Type: Residential Income Square Footage: 1,488 Status: Active Under Contract
Current Price: $525,000 List Date: 12/19/2025 Last Modified: 4/03/2026

Overview

Description

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.

Listing Details MLS# F10541961

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
1488
Living Area Main
744
Year Built
1973
Gated Community YN
No
Lot Size Dimensions
6750
Stories Total
Yes
Pool Private YN
No

Property Features

Association Fee Includes: Water Documents Available: Rent Rolls Flooring: Tile Property Condition: Resale Construction Materials: Block Cooling: Ceiling Fan(s); Central Air Heating: Central; Separate Meters Listing Terms: 1031 Exchange; Cash; Conventional Possession: Close Of Escrow Roof: Composition; Shingle Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available Showing Requirements: Appointment Only; Call Listing Agent; Lockbox; Showing Service Contingencies: Inspection Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2025-12-19
Original List Price
545000

Location and Legal

Country
United States
County Or Parish
Broward
County Parish Name
Broward
Street Number
1500
Street Direction Prefix
NW
Street Name
2nd
Street Suffix
Avenue
City Name
Fort Lauderdale
State Or Province
FL
Postal Code
33311
Postal Code +4
5548
Postal Zip
33311
Subdivision Name
Progresso 2-18 D
Area
3390
Geographic Area
FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Parcel Number
494234016640
Zoning
RDS-15
Directions
Use GPS.

Financial Information

Tax Annual Amount
6098
Tax Year
2024
Tax Legal Description
PROGRESSO 2-18 D LOT 13 BLK 33

Status Change Information

Major Change Timestamp
2026-02-18T05:00:00Z
Major Change Type
Status Change
Price Change Timestamp
2026-01-07T22:18:46Z
Status Change Date
2026-02-18
Under Contract Type
Active Under Contract
Under Contract Date
2026-02-18

More Information

Co-Ownership

Property Management YN
No

Unit 1 Details

Actual Rent
840
Baths Full
Yes
Efficiency YN
Yes
Hotel Room YN
No

Unit 1 Lease Description

Lease Term
Month To Month

Unit 2 Details

Actual Rent
840
Baths Full
Yes
Efficiency YN
Yes
Hotel Room YN
No

Unit 2 Lease Description

Lease Term
Month To Month

Price Calculations

Current Price To SqFt
705.65

Section Details

Parcel Number MLX
6640

Originating Details

Originating System Key
607916733
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
FLL

Association Fee Includes

Water
Yes

Flooring

Tile
Yes

Property Condition

Resale
Yes

Documents Available

Rent Rolls
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Heating

Central
Yes
Separate Meters
Yes

Construction Materials

Block
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Roof

Composition
Yes
Shingle
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Lockbox
Yes
Showing Service
Yes

Tax Information

City/County
Yes

Contingencies

Inspection
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: Charles Rutenberg Realty Orlan
IDX
Last Updated: April - 03 - 2026
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