Description

Strong cash flowing 4 unit investment opportunity generating $7350 per month with low operating expenses. Fully renovated property featuring three 1 BR/ 1 BA units and one 2 BR / 2 BAth units. All units leased. Recent upgrades include new roof, impact windows, and shared on site laundry for all tenants. Located in a rjapidly developing Fort Lauderdale area surrounded by new construction and growth, making this a prime buy and hold asset with appreciation potential. Turn-key stabilized, and buit for immediate returns. Unit 1 $1700, Unit 2 $1850 Unit 3 $1850 and Unit 4 (2br/2ba) $1950. All have 1 year leases.

Address

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Address: 3rd Ave
City: Fort Lauderdale
State/county: Broward County
Zip/Postal Code: 33311
Area: PROGRESSO

Details

Updated on February 18, 2026 at 3:34 am

Property ID A11966315
Price $1,100,000
Property Size 2586 Square Feet
Year Built 1970
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Attached
BuildingAreaTotal 2586
BuildingAreaUnits Square Feet
BuildingName PROGRESSO
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-02-16
Cooling Central Air
DaysOnMarket 1
DocumentsAvailable Inventory, Copy Of Lease(S), Rent Rolls
ExpirationDate 2026-06-16
Flooring Vinyl
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-965-2595
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Progresso
MajorChangeTimestamp February 16, 2026 at 07:22pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp February 17, 2026 at 06:00am
NumberOfUnitsInCommunity 1
NumberOfUnitsTotal 4
OnMarketDate 2026-02-16
OriginalEntryTimestamp February 16, 2026 at 07:22pm
OriginalListPrice 1100000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 494234049501
ParkingTotal 4
PhotosChangeTimestamp February 17, 2026 at 02:31am
PhotosCount 9
Possession Funding
PostalCodePlus4 6266
PriceChangeTimestamp February 16, 2026 at 06:59pm
PublicSurveyRange 49
PublicSurveySection 34
PublicSurveyTownship 49
RentIncludes Hot Water
Roof Barrel Roof
Sewer Public Sewer
ShowingInstructions Showing Assist
SourceSystemKey 426878943
StateOrProvince FL
StatusChangeTimestamp February 16, 2026 at 07:22pm
Stories 4
StoriesTotal 4
StreetDirPrefix NW
StreetName 3rd Ave
StreetNumber 1028
StreetNumberNumeric 1028
StructureType Quadruplex, Fourplex
SyndicationRemarks Strong cash flowing 4 unit investment opportunity generating $7350 per month with low operating expenses. Fully renovated property featuring three 1 BR/ 1 BA units and one 2 BR / 2 BAth units. All units leased. Recent upgrades include new roof, impact windows, and shared on site laundry for all tenants. Located in a rjapidly developing Fort Lauderdale area surrounded by new construction and growth, making this a prime buy and hold asset with appreciation potential. Turn-key stabilized, and buit for immediate returns. Unit 1 $1700, Unit 2 $1850 Unit 3 $1850 and Unit 4 (2br/2ba) $1950. All have 1 year leases.
TaxAnnualAmount 12146
TaxLegalDescription PROGRESSO 2-18 D LOT 35, 36 BLK 189
TaxYear 2025
YearBuiltDetails Resale
Zoning RMM-25