$975,000
Highlights
About This Home
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.
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Facts & features
Bedrooms & bathrooms
- •Bedrooms:0
- •Bathrooms:0
- •Full bathrooms:0
Heating
- •Has Heating:Yes
Interior area
- •Total structure area:1,936 sqft
- •Total interior livable area:1,936 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:1972
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Price history
| Date | Event | Price |
|---|---|---|
| 2025-08-03T00:00:00.000Z | Listed for sale | $975,000$504/sqft |
Listing Agent
Elior Levi
Fausto Commercial Realty Consultants Inc
Brokerage Phone: 786-748-7373
Source: Beaches MLS · MLS #A11841385
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