1016 17th Ave #1-5 ,Other, Quadruplex, Progresso for Sale

1016 17th Ave #1-5 for Sale

Price $1,500,000.00

• Lot size 2779
• Year Build 1959
• Waterfront
• Zip 33304
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

Amazing opportunity to purchase a turnkey 5 units multi-family apartment building. *Could easily be converted to 6 units* Located in highly desired Lakeridge neighborhood. Just 1.5 miles to Fort Lauderdale Beach! All new hurricane impact windows! All units have been completely renovated: New kitchens! New bathrooms! New flooring! New mini split AC units! New appliances! Washer/Dryer room ready for additional income potential. Privacy fence and assigned yard space for each unit. Next to a vacant lot with future development potential. Run it as an Airbnb and enjoy over 10%+ CAP Rate.. Current asking price reflects almost 6% NET Cap rate! Don't wait, this one won't last! So much opportunity! 5 parking spaces and additional off-street parking. Call now to submit your offers!!

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11370123 Text Listing Agent David for quickest response 754-368-8410. Income, Expenses, Improvements are all listed in the additional documents tab. Please do NOT disturb tenants. Property is Gated. Serious inquiries only. No showings without an offer. Thanks!

PROGRESSO 2-18 D LOT 17 BLK 168

Less Than 1/4 Acre Lot

Amazing opportunity to purchase a turnkey 5 units multi-family apartment building. *Could easily be converted to 6 units* Located in highly desired Lakeridge neighborhood. Just 1.5 miles to Fort Lauderdale Beach! All new hurricane impact windows! All units have been completely renovated: New kitchens! New bathrooms! New flooring! New mini split AC units! New appliances! Washer/Dryer room ready for additional income potential. Privacy fence and assigned yard space for each unit. Next to a vacant lot with future development potential. Run it as an Airbnb and enjoy over 10%+ CAP Rate.. Current asking price reflects almost 6% NET Cap rate! Don't wait, this one won't last! So much opportunity! 5 parking spaces and additional off-street parking. Call now to submit your offers!!

City:Fort Lauderdale,Zoning:RMM-25,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Flooring:1:Tile,2:Vinyl,Latitude:26.1380891,Cooling Y N:1,Heating Y N:1,List Price:1500000,Listing Id:A11370123,Longitude:-80.125564,Mls Status:Active,Year Built:1959,Living Area:2779,Postal Code:33304,Street Name:17th Ave #1-5,Coordinates:1:26.1380891,Photos Count:39,Building Name:PROGRESSO,Days On Market:1,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Progresso,On Market Date:2023-04-11,Parcel Number:494234045401,Parking Total:5,Property Type:Residential Income,Stories Total:1,Street Number:1016,M I A M I R E_ Style:Fourplex,Public Remarks:Amazing opportunity to purchase a turnkey 5 units multi-family apartment building. *Could easily be converted to 6 units* Located in highly desired Lakeridge neighborhood. Just 1.5 miles to Fort Lauderdale Beach! All new hurricane impact windows! All units have been completely renovated: New kitchens! New bathrooms! New flooring! New mini split AC units! New appliances! Washer/Dryer room ready for additional income potential. Privacy fence and assigned yard space for each unit. Next to a vacant lot with future development potential. Run it as an Airbnb and enjoy over 10%+ CAP Rate.. Current asking price reflects almost 6% NET Cap rate! Don't wait, this one won't last! So much opportunity! 5 parking spaces and additional off-street parking. Call now to submit your offers!!,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2023-10-11,List Office Name:MLS Brokers LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2459,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:PROGRESSO,Tax Annual Amount:13774,Unparsed Address:1016 NE 17th Ave #1-5, Fort Lauderdale FL 33304,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:2779,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:539.7625,Original List Price:1500000,Public Survey Range:49,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:Amazing opportunity to purchase a turnkey 5 units multi-family apartment building. *Could easily be converted to 6 units* Located in highly desired Lakeridge neighborhood. Just 1.5 miles to Fort Lauderdale Beach! All new hurricane impact windows! All units have been completely renovated: New kitchens! New bathrooms! New flooring! New mini split AC units! New appliances! Washer/Dryer room ready for additional income potential. Privacy fence and assigned yard space for each unit. Next to a vacant lot with future development potential. Run it as an Airbnb and enjoy over 10%+ CAP Rate.. Current asking price reflects almost 6% NET Cap rate! Don't wait, this one won't last! So much opportunity! 5 parking spaces and additional off-street parking. Call now to submit your offers!!,Listing Contract Date:2023-04-11,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:See Broker Remarks,Street Number Numeric:1016,Tax Legal Description:PROGRESSO 2-18 D LOT 17 BLK 168,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,M I A M I R E_ Adjusted Area S F:2779,Contract Status Change Date:2023-04-11,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:539.76,Internet Automated Valuation Display Y N:1,