Multifamily in Fort Lauderdale, FL 33311

741 NW 2nd Ave

Rare chance to own both sides of a modern 2017-built, fee-simple twinhome in booming Progresso Village, Fort Lauderdale. Each unit offers 3 bedrooms/2 bathrooms, high ceilings and a 1-car garage. Strong rental comps support a 5.5%+ cap rate, w/ insurance under $2,200/year and property sits on high elevation. Low vacanies in the area. In a Opportunity Zone to help minimize future potential capital gains. Nearby $700M+ development- FAT VILLAGE, 20 approved plans underway. Separate folio & expenses and can be sold individually at $495K. High rental demand, proven value, and long-term upside make this a solid, cash-flowing asset in one of Fort Lauderdale’s fastest-growing areas. Previous Buyer’s DSCR loan fell through — bank appraisal came in at value with recent rental comps at $3,200/month.