
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 inc...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 Lauderdales fastest-growing corridors. Rare seller financing offered at 5.5% interest-only for 3 years with 35% down.
View MoreCourtesy of
Agency Name: Fausto Commercial Realty Consultants Inc
Agent Name: Elior Levi
Agency Phone: 786-748-7373
Presented by
Agency Title: The Keyes Company
Agency Phone:
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848 NW 2nd Ave, Fort Lauderdale, FL 33311.
Email 848 NW 2nd Ave, Fort Lauderdale, FL 33311
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