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Josef Barmoha

joe@alphaofrealestate.com +1(305) 525-1246

$ 1,900,000

Est. payment | -/mo

4,753 SqFt

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$ 1,900,000

Est. payment | -/mo

Save Virtual Tour

4,753 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,753 sqft

Price per Sqft $399

MLS Listing ID A11831403

HOA Y/N No

Year Built 1973

Annual Tax Amount $20,453

Contingent Pending Inspections

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Multi Family

Property Description

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.

Location

State FL

County Broward

Area 3810

Interior

Flooring Other, Tile

Exterior

Roof Type Other,Shingle

Private Pool Yes

Building

Story 2

Level or Stories Two

Structure Type Block

Others

Tax ID 494234063170

Acceptable Financing Cash, Conventional, Owner May Carry, Other

Listing Terms Cash, Conventional, Owner May Carry, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11831403

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Fausto Commercial Realty Consultants Inc

Nearby Locations

GET MORE INFORMATION

Josef Barmoha

Broker-Owner | Lic# BK3377542

joe@alphaofrealestate.com

+1(305) 525-1246

15800 Pines Blvd, Suite 351, Pembroke Pines, FL, 33027

842 NW 1st Ave Fort Lauderdale, FL 33311

Josef Barmoha

Key Details

Location

Interior

Exterior

Building

Others

842 NW 1st Ave