$1,900,000
Highlights
About This Home
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.
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Facts & features
Bedrooms & bathrooms
- •Bedrooms:0
- •Bathrooms:0
- •Full bathrooms:0
Heating
- •Has Heating:Yes
Interior area
- •Total structure area:4,753 sqft
- •Total interior livable area:4,753 sqft
Parking
- •Parking features:N/A
- •Garage spaces:0
- •Has attached garage:No
Lot
- •Size:N/A
Details
- •Parcel number:N/A
Type & style
- •Home type:Quadruplex
- •Property subtype:Multifamily
Materials
- • N/A
Condition
- •Year built:1973
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Price history
| Date | Event | Price |
|---|---|---|
| 2025-07-05T00:00:00.000Z | Listed for sale | $1,900,000$400/sqft |
Listing Agent
Elior Levi
Fausto Commercial Realty Consultants Inc
Brokerage Phone: 786-748-7373
Source: Beaches MLS · MLS #A11831358
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