About This Property

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.

Key Features

• Built in 1972

Property Details

• Type: Single Family Home
• Year Built: 1972
• Sq Ft: 1,936
• Price / Sq Ft: $504
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: Built in 1972
• Status: Active
• MLS Number: 1125604271
• Days on Market: 434
• Listed By: Fausto Commercial Realty Consultants Inc · Elior Levi
• Zip Code: 33311