730 4th

Description

Four 2-bedroom units, a 2024 roof, existing rental income, and an improving location near some of Fort Lauderdale's most talked-about redevelopment! This Progresso Village quadplex offers an opportunity for an investor looking for both current income and future potential. Each of the four units features 2 bedrooms and 1 bathroom, giving the property a different rental profile than many smaller multifamily options in the area. Two units are currently occupied, including a long-term tenant of approximately 16 years, while the two vacant units offer the next owner flexibility to lease at current market rates or reposition as desired. The owner is also adding all-in-one washer/dryer units to Units 1 and 3, bringing in-unit laundry to three of the four residences. Major value already added includes a 2024 roof, updated kitchens, flooring throughout the units, and exterior paint. Located in Progresso Village between the Sistrunk area and Flagler Village, the property is convenient to Downtown Fort Lauderdale and the ongoing redevelopment surrounding FAT Village and nearby districts. With four 2/1 units, existing tenants, vacant units ready for lease, recent property improvements and continued investment happening nearby, this offers investors multiple ways to approach the property from day one! Disclaimer: Select photos have been virtually staged using AI to illustrate possible furniture placement and use of space. Furnishings, décor, window treatments, and accessories shown are not included and may not reflect the property's current condition. Please refer to the un-staged photos and/or view the property in person for its actual condition.