Property profile

647 3Rd Ave Fort Lauderdale, FL 33311

OFF-MARKET
Apartment buildings
Built 1970
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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

Location

647 3Rd Ave Fort Lauderdale, FL 33311
Fort Lauderdale metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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