801 18th Ave #1-4 ,Quadruplex, Progresso for Sale

801 18th Ave #1-4 for Sale

Price $1,483,000.00

• Lot size 2776
• Year Build 1960
• Waterfront
• Zip 33304
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Strategic investment opportunity in the heart of Victoria Park featuring $100,000 in recent capital improvements and a stabilized income stream. Currently configured as a high-utility triplex, the property boasts an expansive, combined owner’s suite, offering a level of scale rarely found in traditional multi-family assets. While the tax roll reflects a fourplex classification, the current layout provides an ideal "house-hacking" scenario for an owner-occupant or a premier 1031 exchange vehicle for a long-term investor. Residents enjoy immediate proximity to the fine dining of Las Olas Boulevard and Fort Lauderdale’s renowned beaches, with rental income significantly offsetting carrying costs. This turnkey legacy asset is positioned for sophisticated buyers prioritizing location and recent physical upgrades in South Florida’s most resilient submarket.

PROGRESSO 2-18 D LOT 11 E 114 BLK 236

Less Than 1/4 Acre Lot, Corner Lot, East Of US 1

Strategic investment opportunity in the heart of Victoria Park featuring $100,000 in recent capital improvements and a stabilized income stream. Currently configured as a high-utility triplex, the property boasts an expansive, combined owner’s suite, offering a level of scale rarely found in traditional multi-family assets. While the tax roll reflects a fourplex classification, the current layout provides an ideal "house-hacking" scenario for an owner-occupant or a premier 1031 exchange vehicle for a long-term investor. Residents enjoy immediate proximity to the fine dining of Las Olas Boulevard and Fort Lauderdale’s renowned beaches, with rental income significantly offsetting carrying costs. This turnkey legacy asset is positioned for sophisticated buyers prioritizing location and recent physical upgrades in South Florida’s most resilient submarket.

City:Fort Lauderdale,Zoning:RMM-25,Cooling:1:Central Air,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2025,Flooring:1:Terrazzo,Latitude:26.1341681,Cooling Y N:1,Heating Y N:1,List Price:1483000,Listing Id:A11794920,Longitude:-80.1221796,Mls Status:Active,Year Built:1960,Living Area:2776,Postal Code:33304,Street Name:18th Ave #1-4,Coordinates:1:26.1341681,Lot Features:1:Corner Lot,2:East Of US 1,Photos Count:38,Building Name:PROGRESSO,Days On Market:357,Listing Terms:1:Conventional,2:FHA,3:VA Loan,Lot Size Units:Square Feet,M I A M I R E_ Area:3270,M L S Area Major:Progresso,On Market Date:2025-05-01,Parcel Number:494234059260,Parking Total:5,Property Type:Residential Income,Rent Includes:1:Water,Stories Total:2,Street Number:801,M I A M I R E_ Style:Fourplex,Public Remarks:Strategic investment opportunity in the heart of Victoria Park featuring $100,000 in recent capital improvements and a stabilized income stream. Currently configured as a high-utility triplex, the property boasts an expansive, combined owner’s suite, offering a level of scale rarely found in traditional multi-family assets. While the tax roll reflects a fourplex classification, the current layout provides an ideal "house-hacking" scenario for an owner-occupant or a premier 1031 exchange vehicle for a long-term investor. Residents enjoy immediate proximity to the fine dining of Las Olas Boulevard and Fort Lauderdale’s renowned beaches, with rental income significantly offsetting carrying costs. This turnkey legacy asset is positioned for sophisticated buyers prioritizing location and recent physical upgrades in South Florida’s most resilient submarket.,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2026-06-29,List Office Name:Compass Florida, LLC,Standard Status:Active,Window Features:1:Skylight(s),2:Blinds,3:High Impact Windows,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:3046,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:PROGRESSO,Tax Annual Amount:23663,Total Actual Rent:89880,Unparsed Address:801 NE 18th Ave #1-4, Fort Lauderdale FL 33304,Exterior Features:1:Exterior Lights,2:Room For Pool,Listing Agreement:Exclusive Right To Sell,Operating Expense:41191,Year Built Details:Effective Year Built,Building Area Total:2776,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:534.2219,Original List Price:1599000,Previous List Price:1599000,Public Survey Range:49,Attribution Contact:954-336-5734,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:48689,Number Of Units Total:3,Syndication Remarks:Strategic investment opportunity in the heart of Victoria Park featuring $100,000 in recent capital improvements and a stabilized income stream. Currently configured as a high-utility triplex, the property boasts an expansive, combined owner’s suite, offering a level of scale rarely found in traditional multi-family assets. While the tax roll reflects a fourplex classification, the current layout provides an ideal "house-hacking" scenario for an owner-occupant or a premier 1031 exchange vehicle for a long-term investor. Residents enjoy immediate proximity to the fine dining of Las Olas Boulevard and Fort Lauderdale’s renowned beaches, with rental income significantly offsetting carrying costs. This turnkey legacy asset is positioned for sophisticated buyers prioritizing location and recent physical upgrades in South Florida’s most resilient submarket.,Listing Contract Date:2025-05-01,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:See Broker Remarks,Street Number Numeric:801,Tax Legal Description:PROGRESSO 2-18 D LOT 11 E 114 BLK 236,M I A M I R E_ Current Price:1483000,Public Survey Township:49,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Adjusted Area S F:2776,M I A M I R E_ Exp Incl Retax Y N:1,M I A M I R E_ Exp Incl Trash Y N:1,M I A M I R E_ Geographic Area:Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700),M I A M I R E_ Internet Remarks:Investment opportunity! Large fourplex made to triplex FOR SALE in Victoria Park neighborhood of Fort Lauderdale! 3 units: one 2/2.5 and two 1/1's.,M I A M I R E_ Parcel Number M L X:9260,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$26.134137$-80.122171$298.15$13.33$1.00$_EfneVU7zwBAfewABIv3yA,M I A M I R E_ Supplement Count:4,Contract Status Change Date:2025-05-01,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,M I A M I R E_ Exp Incl Electric Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:5,M I A M I R E_ Attribution Contact:954-336-5734,M I A M I R E_ Exp Incl Insurance Y N:1,M I A M I R E_ Agent Alternate Phone:954-336-5734,M I A M I R E_ Exp Incl Water Sewer Y N:1,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:801 NE 18th Ave #1-4,M I A M I R E_ Exp Incl Lawn Maintenance Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:534.22,Internet Automated Valuation Display Y N:1,