Rare opportunity to acquire an 8-unit multifamily in Progresso Village, just off Andrews Ave and Sunrise Blvd in Downtown Fort Lauderdale. The property offers eight 1-bed/1-bath units with modern interiors, impact doors, separate meters, and upgrades including new kitchens, stone counters, walk-in closets, vanities, light fixtures, and cabinets. Currently 7… Read More units are leased with 1 recently renovated and vacant, generating $146,568 gross income with upside as rents renew. Sitting on a 10,000 SF lot zoned RMM-25 and in process of rezoning to NW RAC, the site offers potential to double the unit count. With rare seller financing at 5.5% interest-only, this investment delivers strong cash flow and long-term redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc, Elior Levi, 786-748-7373.
Listing Snapshot
Days Online
344
Last Updated
Property Type
Multi Family
Square Ft.
4,753
Lot Size
0.23 Acres
Year Built
1973
MLS Number
A11831403
30 Days Snapshot Of 33311
$241k
-12%
(avg) sold price
7
0%
homes sold
154
+26%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1973, Construction materials: "Block", "CBS", Toal building area: 4753, 1 total unit
Floors
"Tile"
Lot
0.23 acres
Parking
"Common"
Property
Zoning: RMM-25
Roof
"Shingle"
Taxes
Annual amount: $20,453
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