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
- Swimming Pool
- Heating System
- Cooling System
- Architectural Style
- Roof:
- Shingle, Composition
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33304
- Street:
- 1044 Ne 10th Avenue, Fort Lauderdale, Florida 3330
- Longitude:
- W81° 51' 59.9''
- Latitude:
- N26° 8' 16.8''
- Building Area:
- 1,413 Sqft
- Construction Materials:
- Block, Stucco
- Cumulative DOM:
- 9
- DOM:
- 9
- Elementary School:
- Bennett
- Exterior Features
- Flooring:
- Tile, Ceramic Tile
- Interior Features
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 494234047100
- Stories Total:
- 1
- Subdivision Name:
- PROGRESSO
- Tax Annual Amount:
- $8,153
- Virtual Tour:
- Click Here
Residential Income For Sale
1044 Ne 10th Avenue, Fort Lauderdale, Florida 3330, Fort Lauderdale, Florida 33304
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $649,900
- Square Footage :
- 1,413 Sqft
- Year Built :
- 1954
- Lot Area :
- 5,062 Sqft
- MLS # :
- B26068708
