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$ 1,900,000
Est. payment | /mo
4,753 SqFt
$ 1,900,000
Est. payment | /mo
4,753 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,753 sqft
Price per Sqft $347
MLS Listing ID A11831403
Sold Date 09/21/26
HOA Y/N No
Year Built 1973
Annual Tax Amount $20,453
Contingent Pending Inspections
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Multi Family
Property Description
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 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.
Location
State FL
County Broward
Area 3810
Zoning RMM-25
Interior
Flooring Other, Tile
Exterior
Roof Type Other,Shingle
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Others
Tax ID 494234063170
Acceptable Financing Cash, Conventional, Owner May Carry, Other
Listing Terms Cash, Conventional, Owner May Carry, Other
Financing Seller Financing
Listed by Fausto Commercial Realty Consultants Inc
Bought with Fausto Commercial Realty Consultants Inc
Bought with Fausto Commercial Realty Consultants Inc
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