Price Reduced ListingEXCEPTIONAL TURNKEY MULTIFAMILY INVESTMENT OPPORTUNITY IN THE HEART OF FORT LAUDERDALE! This fully renovated and fully furnished 5-unit property offers immediate income from day one and is currently generating an approximate 7% annual return based on current operations. The unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio. Four units are currently operated as short-term rentals, while one 1-bedroom unit is leased long-term at $1,800/month, providing a diversified rental strategy. All five units were renovated within the past three years and are offered fully furnished and equipped, making this a true turnkey investment. The property also features 5 parking spaces, a common laundry area, outdoor patio and BBQ area, tropical landscaping, smart locks, and CCTV surveillance.Ideally located approximately 3.5 miles from Fort Lauderdale Beach and just 2.3 miles from I-95, with convenient access to Downtown Fort Lauderdale, Las Olas, shopping, dining, entertainment, and major transportation routes. Additional upside potential exists through optimized short-term rental management and further enhancement of the outdoor amenities, including the potential addition of a swimming pool.A rare opportunity to acquire a renovated, furnished, income-producing multifamily property in one of South Florida's most desirable and active rental markets. Please contact the listing agent to schedule a private showing. Minimum 24-hour advance notice required.
| MLS # | A12081704 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 60 |
| Listing Provided By | Grand Realty of America, Corp. | Karina Hazan |
| SQ Feet | 6,740 |
|---|---|
| Story(s) | 1 |
| Units | 5 |
| Building(s) | 1 |
| Zoning | RMM-25 |
| Acreage | 0.15 |
| Lot Features | City Lot, Residential Lot, Less Than Quarter Acre |
|---|
| Parking Features | Assigned, On Street |
|---|
| Tax Annual Amount | 19135 |
|---|
| Community Features | Laundry Facilities |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33304 |
| Area | 3380 |
| Subarea | FTNE Ft Lauderdale NE (3240 3270;3350 3380;3440 3450;3700) |
| Listing VS Median (in 33304) | |
Price: $1,490,000 low | high Med: $278,750 sqft: 6,740 low | high Med: 637 $ / sqft: $221 low | high Med: $441 On site: 60 low | high Med: 150.5 | |
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33304 |
| Area | 3380 |
| Subarea | FTNE Ft Lauderdale NE (3240 3270;3350 3380;3440 3450;3700) |
| Listing VS Median (in 33304) | |
Price: $1,490,000 low | high Med: $278,750 sqft: 6,740 low | high Med: 637 $ / sqft: $221 low | high Med: $441 On site: 60 low | high Med: 150.5 | |