5 UNIT MULTI FAMILY PROPERTY IN THE FAST DEVELOPING PROGRESSO VILLAGE NEIGHBORHOOD, 3 BLOCKS FROM FLAGLER VILLAGE/DOWNTOWN FT LAUDERDALE! OPPORTUNITY FOR OWNERS & INVESTORS (CASH BUYERS/1031 EXCHANGE WELCOME). GREAT RETURNS! Gross Rent: $69k; NOI: $52,250. Seller open to selling LLC for added tax benefit!
This is a Legal 4-plex operating as 5 units (2/2 converted into a 1/1 + a Studio). Total of FIVE
rents collected monthly. Zoned RMM-25 (Residential Medium Density Mid-Rise). Has 5 marked Parking Spaces. The building is fenced in for security. All units have individual electric meters. Owner pays Water/Sewer/Trash
Removal/Landscaping. ALL units RENTED w/ annual leases/security deposits. Low maintenance costs (Water/Utility etc) CAP 8.3%. DO NOT DISTURB TENANTS! PROOF OF FUNDS REQUIRED.
Courtesy of: IBIS Realty Group, Inc. MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 25th September, 2021 9:55 AM
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