1,050,000(-7.14% )
1,936SqFt
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Details
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Status:
Active
Size: 1,936 SqFt (180 m2)
Price: $504/SqFt ($5,421/m2)
Type: Multi Family
Built: 1972
MLS Number: A11841385
On Site: 246 Days
Updated: 3 Days ago
Page Views: 0
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 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 For 3 Years With 35% Down.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: WallFurnace
        • Cooling Description: WallWindowUnits
        Building and Construction
        • Floor Description: Other,Tile,Vinyl
        • Year Built: 1972
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2025-08-03T12:22:36.000-00:00
          Taxes, Fees & More
          • Taxes: 10779
          Apples-to-Apples Comparables
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          IN Progresso Village at Fort Lauderdale?
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          Price History
          01/05/2026
          Date
          Price Reduced
          Event
          $975K
          Price
          -7.14%
          Change Rate
          $504 ft2 / $5,421 m2
          Price Per
          07/16/2025
          Date
          Listed
          Event
          $1.1M
          Price
          $542 ft2 / $5,838 m2
          Price Per
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Elior LeviFausto Commercial Realty Consultants Inc • Buyer Agency Compensation .
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