Prime 5-unit multifamily in booming Progresso Village, just minutes from Flagler Village, the Brightline station, and the beach. Fully occupied and cash flowing from day one, the property features three 1-bed/1-bath units and two studios, all rented to long-term tenants—most over 5 years. Current monthly income is $8,774 with room… Read More for additional upside through future rent increases or improvements, delivering an attractive 8.83% cap rate. Interiors have been lightly updated, and the property includes separate electric meters and low-maintenance operations. Zoned RMM-25 with redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors. Rare seller financing offered at 5.5% interest only! Read Less
Courtesy of Fausto Commercial Realty Consultants Inc, Elior Levi, 786-748-7373.
Listing Snapshot
Days Online
315
Last Updated
Property Type
Multi Family
Square Ft.
1,936
Lot Size
0.15 Acres
Year Built
1972
MLS Number
A11841391
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 1972, Construction materials: "Block", "CBS", Toal building area: 1936, 2 total units
Cooling
"Wall/Window Unit(s)"
Floors
"Tile", "Vinyl"
Heating
"Window/Wall"
Lot
0.15 acres
Parking
"Common"
Property
Zoning: RMM-25
Roof
"Built-Up", "Shingle"
Sewer
"Public Sewer"
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