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About This Property
Four 2-bedroom units, a 2024 roof, existing rental income, and an improving location near some of Fort Lauderdale's most talked-about redevelopment! This Progresso Village quadplex offers an opportunity for an investor looking for both current income and future potential. Each of the four units features 2 bedrooms and 1 bathroom, giving the property a different rental profile than many smaller multifamily options in the area. Two units are currently occupied, including a long-term tenant of approximately 16 years, while the two vacant units offer the next owner flexibility to lease at current market rates or reposition as desired. The owner is also adding all-in-one washer/dryer units to Units 1 and 3, bringing in-unit laundry to three of the four residences. Major value already added includes a 2024 roof, updated kitchens, flooring throughout the units, and exterior paint. Located in Progresso Village between the Sistrunk area and Flagler Village, the property is convenient to Downtown Fort Lauderdale and the ongoing redevelopment surrounding FAT Village and nearby districts. With four 2/1 units, existing tenants, vacant units ready for lease, recent property improvements and continued investment happening nearby, this offers investors multiple ways to approach the property from day one! Disclaimer: Select photos have been virtually staged using AI to illustrate possible furniture placement and use of space. Furnishings, décor, window treatments, and accessories shown are not included and may not reflect the property's current condition. Please refer to the un-staged photos and/or view the property in person for its actual condition.
Property Features
County
Broward County
Section
Area
2792
Subdivision
PROGRESSO
Interior
Cooling
Ceiling Fan(s), Electric, Wall/Window Unit(s)
Bedrooms
Floors
Tile, Vinyl
Full Baths
Appliances
Heating
Window/Wall
Style
One Story
Garage Spaces
Construction/Exterior
Concrete Block Construction, CBS Construction
Patio / Deck Description
Exterior
None
Has a Pool
Possession
Lot Size in Acres
0.15
Water
Public
Sewer
Public Sewer, Public Sanitation, Sewer
Lot Size in Sq. Ft.
6750
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Comp Shingle Roof, Shingle
Senior Community
No
Other Utilities
Electricity Available, Water Available
Property Type
Residential Income
Pets
Yes
Property SubType 2
Quadruplex
Tax Year
2025
Year Built
1949
Tax Amount
$15983
APN
NA
Square Feet Source
NA
Map
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