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 tenantsmost over 5 years. Current monthly income is $8,774 with room 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!
Details
MLS #
A11841391
Listing Type
For Sale
Sub-Type
Resale
Status
Active Under Contract
Year
1972
Days On Site
402
Listing Provided By
Fausto Commercial Realty Consultants Inc | Elior Levi
Features
SQ Feet
1,936
Story(s)
1
Units
5
Zoning
RMM-25
Acreage
0.15
Parking
Parking Features
Common
Area Information
State
FL
County
Broward
City
Fort Lauderdale
Zip Code
33311
Area
3810
Subarea
Ft Ldale NW(3390 3400;3460;3540 3560;3720;3810)
Sourced by Back At You
MLS Number: A11841391
Elior Levi – (954) 743-7594 – elevi@faustocommercial.com
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MLS Number: A11841391
Elior Levi – (954) 743-7594 – elevi@faustocommercial.com