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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1044 NE 10th Ave , Fort Lauderdale, FL 33304
$649,900
Est. Payment: $1,444.22/mo
4 Bed
4 Bath
1413 Sqft
Status: Active | Days on site: 13
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FLLODPR01 - FLL3292603
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House Description

This triplex in Fort Lauderdale's Progresso subdivision offers a compelling investment opportunity. Excellent income-producing property legally configured as a duplex with massive value-add potential. The property features stable cash flow across three currently occupied spaces, with the immediate ability to capitalize on a pre-configured 4th unit. The property comprises 1,413 square feet of finished living space across a single-story layout, providing straightforward ownership and management. As a residential income property, it delivers multiple revenue streams from one strategically positioned asset. Located in the established Progresso community, this triplex presents a tangible path to building equity while generating consistent returns. Unit 1 (Efficiency): Generates $1,200/month in rental income. Unit 2 (1BR / 1BA): Generates $1,500/month in rental income. Unit 3 (2BR / 2BA): Generates $1,950/month in rental income.Value-Add Potential: The 2BR/2BA space is already physically split and closed off into two distinct sections, each featuring its own private exterior entry. It is currently being leased to a single family as a whole 2/2. However, a future investor can effortlessly lease them out separately to maximize yield:Side A: A complete 1BR/1BA setup with a full kitchen.Side B: A standalone 1BR/1BA efficiency setup. Electric: The 2BR/2BA unit has its own separate electric meter and those tenants pay their own electric bill directly. The other units share a combined electric meter paid for by the owner. Water: Master metered for the entire building and paid for by the owner. Water Bill approximately $165.00 a month for the building FPL for the efficiency and 1/1 are approximately $150 a month garbage included in the water bill

Highlights

Listed by Mina Tal Shahar , 954-734-9838 Old RE Property Solutions, LLC , 954-734-9838.

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1954

County

Broward

Area

3380

Neighborhood

Progresso

Listing ID

B26068708

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:4
  • Full Bathrooms:
Air Cond:Electric
Fireplaces:
Floor:Ceramic Tile,Tile
Other:
  • Additional:Main Living Area Entry Level
Water:Public

Exterior Features

Lot:<1 Acre,< 1/4 Acre
Zoning:RMM-25
Roof:Composition,Shingle
Sewer:Public Sewer
Principal Interest
$1,444
Taxes
$679

Home Price

$649,900

Loan Details

30 yrs
%

Down Payment

20%
$129,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,444.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,444.22 $679.42 $0.00 $2,123.64
Yearly $17,330.67 $8,153.00 $0.00 $25,483.67
Total $519,920.00 $244,590.00 $0.00 $764,510.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.