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
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