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Kathleen Comerford

team@thecomerfordgroupfl.com +1(561) 419-5525

$649,900

Est. payment - /mo

1,413 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,413 sqft

Price per Sqft $459

Subdivision Progresso

MLS Listing ID B26068708

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 1413

Year Built 1954

Annual Tax Amount $8,153

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Triplex

Property Description

This triplex in Fort Lauderdale's Progresso subdivision offers a compelling investment opportunity. Excellent income-producing property legally configured as a duplex with massive value-add potential. The property features stable cash flow across three currently occupied spaces, with the immediate ability to capitalize on a pre-configured 4th unit. The property comprises 1,413 square feet of finished living space across a single-story layout, providing straightforward ownership and management. As a residential income property, it delivers multiple revenue streams from one strategically positioned asset. Located in the established Progresso community, this triplex presents a tangible path to building equity while generating consistent returns. Unit 1 (Efficiency): Generates $1,200/month in rental income. Unit 2 (1BR / 1BA): Generates $1,500/month in rental income. Unit 3 (2BR / 2BA): Generates $1,950/month in rental income.Value-Add Potential: The 2BR/2BA space is already physically split and closed off into two distinct sections, each featuring its own private exterior entry. It is currently being leased to a single family as a whole 2/2. However, a future investor can effortlessly lease them out separately to maximize yield:Side A: A complete 1BR/1BA setup with a full kitchen.Side B: A standalone 1BR/1BA efficiency setup. Electric: The 2BR/2BA unit has its own separate electric meter and those tenants pay their own electric bill directly. The other units share a combined electric meter paid for by the owner. Water: Master metered for the entire building and paid for by the owner. Water Bill approximately $165.00 a month for the building FPL for the efficiency and 1/1 are approximately $150 a month garbage included in the water bill

Location

State FL

County Broward

Area 3380

Zoning RMM-25

Interior

Interior Features InteriorFeatures

Heating Electric, Separate Meters

Cooling Electric

Flooring Ceramic Tile, Tile

Fireplace No

Laundry None

Exterior

Exterior Feature None

Fence Back Yard

Utilities Available Cable Not Available

Water Access Desc Public

Roof Type Shingle

Accessibility Accessibility Features, Accessible Common Area

Total Parking Spaces 1

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block,Stucco

New Construction No

Construction Status Resale

Schools

Elementary Schools Bennett

Middle Schools Sunrise

High Schools Fort Lauderdale

Others

Senior Community No

Restrictions No Restrictions

Tax ID 494234047100

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Pets Allowed No Pet Restrictions, Yes

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Listed by Mina Tal Shahar Old RE Property Solutions, LLC

Kathleen Comerford

Team Leader | Broker Associate License ID: BK3455404

+1(561) 419-5525 | team@thecomerfordgroupfl.com

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1044 NE 10th AVE Fort Lauderdale, FL 33304

Kathleen Comerford

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