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    Apartment buildings

    647 3Rd Ave, Fort Lauderdale, FL 33311

    Built 1970
    Property ID
    Property summary
    AI-generated overview

    This stunning 1970-built, single-story quadplex in Fort Lauderdale's desirable Progresso subdivision presents a compelling investment opportunity. The property comprises four identical units, each boasting two bedrooms and one bathroom, along with two assigned parking spaces. Modern updates enhance the appeal, including newly installed kitchen cabinets and elegant quartz countertops. Each unit is equipped with central air conditioning and a convenient laundry closet, adding to the tenant's comfort. Further enhancing efficiency is the installation of a tankless water heater in each unit. Located at 647 NW 3rd Ave, Fort Lauderdale, FL 33311, this property benefits from its proximity to major roadways like the Turnpike, ensuring easy access to shopping centers, restaurants, and other amenities. The asking price for this exceptional multifamily property is $699,900. This represents a strong potential for rental income and appreciation in a thriving Florida market. The property's excellent condition and desirable location make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in the Fort Lauderdale area. This is a turnkey opportunity not to be missed.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1970
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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