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954-557-5993
Real Estate Company
1017 Ne 14th Ave, Fort Lauderdale, FL 33304
- $1,490,000
- List Price
- $1,490,000
- Price Change
- ▼ $60,000 1793324043
- MLS#
- A12110633
- Subtype
- Quadruplex
- County
- Broward
- Community
- Progresso
- Subdivision
- Progresso
- Year Built
- 1958
Property Description
EXCEPTIONAL TURNKEY MULTIFAMILY INVESTMENT OPPORTUNITY IN THE HEART OF FORT LAUDERDALE! This fully renovated and fully furnished 5-unit property offers immediate income from day one and is currently generating an approximate 7% annual return based on current operations. The unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio. Four units are currently operated as short-term rentals, while one 1-bedroom unit is leased long-term at $1,800/month, providing a diversified rental strategy. All five units were renovated within the past three years and are offered fully furnished and equipped, making this a true turnkey investment. The property also features 5 parking spaces, a common laundry area, outdoor patio and BBQ area, tropical landscaping, smart locks, and CCTV surveillance. Ideally located approximately 3.5 miles from Fort Lauderdale Beach and just 2.3 miles from I-95, with convenient access to Downtown Fort Lauderdale, Las Olas, shopping, dining, entertainment, and major transportation routes. Additional upside potential exists through optimized short-term rental management and further enhancement of the outdoor amenities, including the potential addition of a swimming pool. A rare opportunity to acquire a renovated, furnished, income-producing multifamily property in one of South Florida's most desirable and active rental markets. Please contact the listing agent to schedule a private showing. Minimum 24-hour advance notice required.
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Additional Information
- Status Label
- ACTIVE
- Total Unitsin Complex
- 4
- Construction
- Concrete Block Construction, Stucco
- Cooling
- Wall/Window Unit(s)
- Flooring
- Other, Vinyl
- Heating
- Window/Wall
- Lot Description
- Other Lot Description
- Roof
- Composition Roll
- Taxes
- $19,135
- Total Floors
- 1
- Stories
- 1
- Roofing
- Composition Roll
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Listing Courtesy of Grand Realty of America, Corp., Contact: