$525,000
Fort Lauderdale, FL 33311
MLS# F10541961
Status: Active Under Contract
1488 sqft
1 / 5
Property 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.
Details
Contract Information
Comp Sale YN: No
Listing Contract Date: 2025-12-19
Status: Active Under Contract
Original List Price: 545000
List Price: $525,000
Current Price: $525,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Fort Lauderdale
Postal Zip: 33311
Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Country: United States
Street Number: 1500
Street Direction Prefix: NW
Street Name: 2nd
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33311
Postal Code +4: 5548
Subdivision Name: Progresso 2-18 D
Area: 3390
Parcel Number: 494234016640
Zoning: RDS-15
Directions: Use GPS.
General Property Information
Number Of Units Total: 2
Living Area Main: 744
Lot Size Dimensions: 6750
Gated Community YN: No
Stories Total: 1
Pool Private YN: No
Property Sub Type: Duplex
Building Area Main: 1488
Year Built: 1973
Office/Member Information
DXORIGMLSID: FLL
Association Fee Includes
Water: 1
Flooring
Tile: 1
Property Condition
Resale: 1
Co-Ownership
Property Management YN: No
Documents Available
Rent Rolls: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Separate Meters: 1
Construction Materials
Block: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Roof
Composition: 1
Shingle: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Lockbox: 1
Showing Service: 1
Tax Information
City/County: 1
Contingencies
Inspection: 1
Unit 1 Details
Actual Rent: 840
Baths Full: 1
Beds Total: 2
Efficiency YN: Yes
Hotel Room YN: No
Unit 1 Lease Description
Lease Term: Month To Month
Unit 2 Details
Actual Rent: 840
Baths Full: 1
Beds Total: 2
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
Acreage Description
Less Than 1/4 Acre Lot: 1
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
Originating Details
Originating System Key: 607916733
Originating System ID: M00000170
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
Listing Office: Charles Rutenberg Realty Orlan
Last Updated: April - 03 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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