721 NW 3rd Ave - Apartments FOR SALE


Fort Lauderdale, FL 33311- Progresso Village
$2,300,000 USD
561-789-7726
721 NW 3rd Ave, Fort Lauderdale, FL for Sale
$2,300,000 USD
Apartments - FOR SALE
1/16
null | 6.25% Cap Rate

721 NW 3rd Ave
Fort Lauderdale, FL 33311
Progresso Village


HIGHLIGHTS

  • *Great Investment Opportunity, UPSIDE POTENTIAL!
  • *Blocks to the Bright Line.
  • *5 minutes to the beach.
  • *Surrounded by an enormous number of projects gentrifying Andrews Avenue, and the Sistrunk District.
  • *Progresso Village has seen a surge in new housing, mixed-use projects and commercial development making it one of the most desirable places to live.
  • *Tax benefits that accompany Opportunity Zones (OZ) create a powerful incentive to allocate capital into economically distressed areas.

OVERVIEW

Phenomenal Opportunity to own a 10 unit apartment building in the best location in Fort Lauderdale! The property includes 10 Two Bedroom/1 Bath apts, 13,500 square foot lot, plenty of parking, all units have ceramic tile floors, A/C units, shared laundry, and zoned RMM-25. This property is located in the heart of Progresso Village, adjacent to Flagler Village, and on the East Side of Sistrunk Blvd Redevelopment Opportunity Zone!! Located in the Center of Redevelopment, Brand New Luxury High Rise properties are approved for construction within 1 block. This amazing property can easily generate $240,000 in annual revenue. Most of the units are month to month. This is an exciting opportunity for any savvy investor interested in South Florida's booming real estate market!!

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

10

PRICE/UNIT

$230,000

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

RMM-25

APN/PARCEL ID

49-42-34-07-0340

ASK ABOUT THIS PROPERTY

David JosephThe Keyes CompanyMore Info
561-789-7726

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David JosephThe Keyes CompanyMore Info
561-789-7726

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.