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- (305) 790-0199
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1973
Sq.Footage
N/A
Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale’s fastest-growing corridor.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.23
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Block
-
Parking
Common
Financial
-
Sales Price
$2,050,000
-
Tax Amount
20453.0
-
Zoning
RMM-25
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Location
County
Broward
Elementary School
Middle School
High School
Listing Courtesy of Elior Levi , Fausto Commercial Realty Consultants Inc
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Realtor
JarrodGaylis
Call Jarrod today to schedule a private showing.
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