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    640 10Th Ter Fort Lauderdale, FL 33311

    Sponsored
    For Sale
    $1,000,000

    Five-unit apartment building, prime location.

    Property size:
    4,095 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a five-unit apartment building ideally situated in the heart of Fort Lauderdale, Florida, at 640 NW 10th Ter, 33311. The property, known as PROGRESSO, boasts a total of 4,095 square feet and comprises three detached buildings, offering tenants enhanced privacy. Built in 1958, this single-story structure is conveniently located near the vibrant Las Olas shops, beautiful beaches, various stores, and schools, ensuring high occupancy rates and strong rental income potential. The property's strategic location within Broward County makes it an attractive investment for both seasoned and aspiring real estate investors. The asking price for this multifamily property is $1,000,000. While hard money financing options are available with a 50% down payment, the seller is open to considering other financing arrangements. This presents a unique opportunity to acquire a well-maintained, income-generating asset in a highly desirable Florida location. The property's layout and location combine to create a strong investment opportunity with significant potential for future appreciation. This is a rare chance to own a piece of Fort Lauderdale's thriving real estate market.

    Property Features for 640 10Th Ter

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,095 SF

    Building Details

    Year Built
    1958
    Stories
    1

    HighLights

    • $1,000,000 asking price for this multifamily investment opportunity.
    • 4,095 square foot apartment building located in Fort Lauderdale, FL.
    • Property consists of five apartments in three detached buildings.
    • Built in 1958, this single‑story property is situated near Las Olas Boulevard, beaches, shopping, and schools.
    • Hard money financing options available with 50% down; other financing accepted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1552981
    Latitude
    26.1309393

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 640 10Th Ter Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price for this multifamily investment opportunity.; 4,095 square foot apartment building located in Fort Lauderdale, FL.; Property consists of five apartments in three detached buildings.
    Request Owner's contact information
    640 10Th Ter Fort Lauderdale, FL 33311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    640 10Th Ter Fort Lauderdale, FL 33311
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