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

Features
Swimming Pool
Heating System
Cooling System
Architectural Style
Roof:
Shingle, Composition
Sewer
Address Map
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''
MLS Addon
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
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Residential Income For Sale

1044 Ne 10th Avenue, Fort Lauderdale, Florida 3330, Fort Lauderdale, Florida 33304

1,413 Sqft
$649,900
MLS # #B26068708
Basic Details
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
Agent info
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