647 3Rd Ave, Fort Lauderdale, FL 33311
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.