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.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
Heating Description: Other
Cooling Description: Other
Building and Construction
Floor Description: Other,Tile
Year Built: 1973
Year Built Description: Resale
Style: Fourplex
Waterfront and Water Access
Waterfront Frontage: No info
School Information
Other Property Info
Listing Date: 2025-07-05T22:12:35.000-00:00
Taxes, Fees & More
Taxes: 20453
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