640 10Th Ter Fort Lauderdale, FL 33311
- Apartment buildings
- 4,095 SF
Current Use by Public Records
- Apartment buildings
Property Details for 640 10Th Ter
- Year built
- 1958
- Property size
- 4,095 SF
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1553
- Latitude
- 26.1309
