1133-1137 17th Ave ,Attached, Quadruplex, Progresso for Sale

1133-1137 17th Ave for Sale

Price $2,100,000.00

• Lot size 5904
• Year Build 1957
• Waterfront
• Zip 33304
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

Multifamily building with 7 units is ideally located in one of Ft Lauderdale?s premier rental areas just 10 minutes from the beach! This well-maintained property offers an excellent investment opportunity for both seasoned investors and those looking to enter the real estate market. Completed renovated, fully furnished and equipped apartments with impact windows and doors. All the units are rented, currently operating annually with long term tenants with lease, but they could quick upside potential and be operated as a short-term rental. The building has two studio apartment, four 1-bed apartment and one 2-beds apartment, and a common outdoor living space to enjoy. Parking spaces assigned. Offered at a 9.8% cap rate. Please drive by only and do not disturb the tenants.

NEXT SHOWING THURSDAY SEPTEMBER 7TH @ 1:00 PM. RENT ROLL AND EXPENSES ATTACHED. Tenant Occupied, showings with appointment only once per week Tuesday or Thursdays at 1:00 pm. Buyer should independently verify schools, room sizes, special assessments, and any other information as deemed important. Please review the MLS attachments for more details.

PROGRESSO 2-18 D LOT 3,4 BLK 158

1/4 To Less Than 1/2 Acre Lot

Multifamily building with 7 units is ideally located in one of Ft Lauderdale?s premier rental areas just 10 minutes from the beach! This well-maintained property offers an excellent investment opportunity for both seasoned investors and those looking to enter the real estate market. Completed renovated, fully furnished and equipped apartments with impact windows and doors. All the units are rented, currently operating annually with long term tenants with lease, but they could quick upside potential and be operated as a short-term rental. The building has two studio apartment, four 1-bed apartment and one 2-beds apartment, and a common outdoor living space to enjoy. Parking spaces assigned. Offered at a 9.8% cap rate. Please drive by only and do not disturb the tenants.

City:Fort Lauderdale,Zoning:RC-15,Cooling:1:Electric,2:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Latitude:26.14042,Cooling Y N:1,Heating Y N:1,List Price:2100000,Listing Id:A11402537,Longitude:-80.1261938,Mls Status:Active,Year Built:1957,Living Area:5904,Postal Code:33304,Street Name:17th Ave,Coordinates:1:26.14042,Photos Count:59,Building Name:PROGRESSO,Days On Market:62,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Progresso,On Market Date:2023-06-30,Parcel Number:494234043780,Parking Total:10,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:1,Street Number:1133-1137,M I A M I R E_ Style:Fourplex,Public Remarks:Multifamily building with 7 units is ideally located in one of Ft Lauderdale?s premier rental areas just 10 minutes from the beach! This well-maintained property offers an excellent investment opportunity for both seasoned investors and those looking to enter the real estate market. Completed renovated, fully furnished and equipped apartments with impact windows and doors. All the units are rented, currently operating annually with long term tenants with lease, but they could quick upside potential and be operated as a short-term rental. The building has two studio apartment, four 1-bed apartment and one 2-beds apartment, and a common outdoor living space to enjoy. Parking spaces assigned. Offered at a 9.8% cap rate. Please drive by only and do not disturb the tenants.,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2023-12-14,List Office Name:Redfin Corporation,Standard Status:Active,Window Features:1:Complete Impact Glass,2:Blinds,3:High Impact Windows,4:Impact Glass,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2456,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:PROGRESSO,Tax Annual Amount:18777,Total Actual Rent:147600,Unparsed Address:1133-1137 NE 17th Ave, Fort Lauderdale FL 33304,Exterior Features:1:Room For Pool,Listing Agreement:Exclusive Agency,Operating Expense:58560,Year Built Details:Resale,Building Area Total:3708,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:355.6911,Original List Price:2100000,Public Survey Range:42,Documents Available:1:Deposit - Last Months Rent,2:Deposit - Security,3:Copy Of Lease(S),4:Personal Property Inventory,5:Rent Rolls,I D X Participation Y N:1,Net Operating Income:89040,Number Of Units Total:7,Syndication Remarks:Multifamily building with 7 units is ideally located in one of Ft Lauderdale?s premier rental areas just 10 minutes from the beach! This well-maintained property offers an excellent investment opportunity for both seasoned investors and those looking to enter the real estate market. Completed renovated, fully furnished and equipped apartments with impact windows and doors. All the units are rented, currently operating annually with long term tenants with lease, but they could quick upside potential and be operated as a short-term rental. The building has two studio apartment, four 1-bed apartment and one 2-beds apartment, and a common outdoor living space to enjoy. Parking spaces assigned. Offered at a 9.8% cap rate. Please drive by only and do not disturb the tenants.,Listing Contract Date:2023-06-30,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:24 Hour Notice,Appointment Only,List Agent Must Accompany,Street Number Numeric:1133,Tax Legal Description:PROGRESSO 2-18 D LOT 3,4 BLK 158,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3708,Contract Status Change Date:2023-06-30,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2.5%,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:355.69,