About This Property

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.

Key Features

• 10,126 SquareFeet Lot
• Built in 1973

Property Details

• Type: Single Family Home
• Year Built: 1973
• Lot Size: 10,126 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 10,126 SquareFeet Lot
• Feature: Built in 1973
• Status: Active
• MLS Number: 1118810355
• Days on Market: 317
• Listed By: MLS Listing
• Zip Code: 33311