EXCEPTIONAL TURNKEY MULTIFAMILY INVESTMENT OPPORTUNITY IN THE HEART OF FORT LAUDERDALE! This fully renovated and fully furnished 5-unit property offers immediate income from day one and is currently generating an approximate 7% annual return based on current operations. The unit mix includes three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and one studio. Four units are currently operated as short-term rentals, while one 1-bedroom unit is leased long-term at $1,800/month, providing a diversified rental strategy. All five units were renovated within the past three years and are offered fully furnished and equipped, making this a true turnkey investment. The property also features 5 parking spaces, a common laundry area, outdoor patio and BBQ area, tropical landscaping, smart locks, and CCTV surveillance. Ideally located approximately 3.5 miles from Fort Lauderdale Beach and just 2.3 miles from I-95, with convenient access to Downtown Fort Lauderdale, Las Olas, shopping, dining, entertainment, and major transportation routes. Additional upside potential exists through optimized short-term rental management and further enhancement of the outdoor amenities, including the potential addition of a swimming pool. A rare opportunity to acquire a renovated, furnished, income-producing multifamily property in one of South Florida's most desirable and active rental markets. Please contact the listing agent to schedule a private showing. Minimum 24-hour advance notice required.
| Listing ID: | A12110633 |
|---|---|
| List Price: | $1,550,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Tax Annual Amount: | $19,135 |
| Architectural Style: | Other |
| Waterfront?: | No |
| City: | Fort Lauderdale |
| County Or Parish: | Broward County |
| Subdivision Name: | Progresso |
| Postal Code: | 33304 |
| Year Built: | 1958 |
| Building Name: | PROGRESSO |
| Cooling: | Wall/Window Unit(s) |
| Flooring: | Other, Vinyl |
| Heating: | Window/Wall |
| Listing Contract Date: | 2026-10-21 |
| Lot Features: | Other Lot Description |
| Status: | Active |
| Parking Total: | 5 |
| Postal Code Plus4: | 2225 |
| Sewer: | Public Sewer |
| State Or Province: | FL |
| Stories: | 1 |
| Water Source: | Municipal Water |
| Building Area Units: | Square Feet |
| Construction Materials: | Concrete Block Construction, Stucco |
| Cooling?: | Yes |
| Heating?: | Yes |
| Listing Terms: | All Cash, Conventional |
| Living Area Units: | Square Feet |
| Lot Size Units: | Square Feet |
| MLS Area Major: | Progresso |
| Number Of Units In Community: | 4 |
| Original List Price: | $1,550,000 |
| Parcel Number: | 494234046340 |
| Possession: | Negotiable |
| Public Survey Range: | 49 |
| Public Survey Section: | 34 |
| Public Survey Township: | 49 |
| Rent Includes: | None |
| Roof: | Composition Roll |
| Stories Total: | 1 |
| Structure Type: | Quadruplex, Fourplex |
| Tax Year: | 2025 |
| Window Features: | Complete Panel Shutters/Awnings |
| Year Built Details: | Resale |
| Zoning: | RMM-25 |
| AreaMiamire Area: | 3380 |
| Ok To Advertise ListMiamire Ok To Advertise List: | With Written Broker Approval |
| StyleMiamire Style: | Fourplex |
| Type Of AssociationMiamire Typeof Association: | None |
| Tax Exemptions: | Tax Reflects Other Tax Exemption |
Listing Courtesy of: Grand Realty of America, Corp.
305-299-1761
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Copyright 2026 MIAMI REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
MIAMI REALTORS® MLS data last updated on October 22, 2026 03:57 AM - ET
Property Last Updated: October 22, 2026 03:57 AM - ET
