7-unit multifamily building located in Melrose Park. Fully rented long term tenants and all tenants are month to month. Units need updating to kitchens and bathrooms and needs new roof. Perfect value add property or immediate income producer.
Buyer can assume 6% mortgage currently held by owner
Total Monthly rent: $8,085
Electric: $680, Water: $300, Trash: $300, Lawn: $100, Property Taxes: $20,585
Total Yearly rent: $97,020
Total yearly expenses: $37,145
ROI: 6.9%
| Listing ID: | B26097484 |
|---|---|
| List Price: | $869,000 |
| Property Type: | Commercial/Industrial |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Tax Annual Amount: | $20,585 |
| Lot Size Square Feet: | 9,358 |
| Lot Size Acres: | 0.21 |
| Waterfront?: | No |
| City: | Fort Lauderdale |
| County Or Parish: | Broward County |
| Postal Code: | 33312 |
| Year Built: | 1958 |
| Number Of Units Total: | 7 |
| Association?: | No |
| Cooling: | Wall/Window Unit(s) |
| Electric: | 101-200 Amps |
| Flooring: | Tile |
| Heating: | Window/Wall |
| Insurance Expense: | $3,800 |
| Listing Contract Date: | 2026-11-06 |
| Lot Features: | City Location, Less Than 1/4 Acre Lot, Less Than 1 Acre |
| Status: | Active |
| Other Expense: | $7,800 |
| Parking Features: | Assigned, Guest |
| Parking Total: | 9 |
| Postal Code Plus4: | 1096 |
| Sewer: | At Site, Public Sewer, Other, Public Sanitation, Sewer |
| State Or Province: | FL |
| Stories: | 1 |
| Water Source: | Public |
| Bathrooms Total Integer: | 0 |
| Building Area Source: | Appraisal |
| Building Area Total: | 2836 |
| Building Area Units: | Square Feet |
| Construction Materials: | Concrete Block Construction, Brick |
| Cooling?: | Yes |
| Current Financing: | Assumable |
| Electric On Property?: | Yes |
| Financial Data Source: | Projected Pro-Forma |
| Gross Income: | $54,000 |
| Gross Scheduled Income: | $54,000 |
| Heating?: | Yes |
| Horse?: | No |
| Listing Terms: | Assumable, All Cash, Conventional |
| Living Area Units: | Square Feet |
| Lot Size Units: | Square Feet |
| Net Operating Income: | $33,300 |
| New Construction?: | No |
| New Taxes Expense: | $3,900 |
| Number Of Units In Community: | 7 |
| Operating Expense: | $20,700 |
| Original List Price: | $869,000 |
| Parcel Number: | 504207081540 |
| Pool Private?: | No |
| Possession: | Before Closing |
| Roof: | Comp Shingle Roof, Composition Roll, Shingle |
| Security Features: | No Fire Protection, No Security |
| Sign On Property?: | No |
| Special Listing Conditions: | Sale |
| Stories Total: | 1 |
| Structure Type: | Multi Family |
| Tax Year: | 2026 |
| Total Actual Rent: | $54,000 |
| Utilities: | Electricity Connected, Sewer Connected, Electricity Available, Sewer Available, Water Available |
| View?: | No |
| Zoning: | RM-33.5 |
| AreaMiamire Area: | 3570 |
| Ok To Advertise ListMiamire Ok To Advertise List: | No |
Listing Courtesy of: United Realty Group Inc
alexglaser18@gmail.com
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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 November 07, 2026 02:36 AM - ET
Property Last Updated: November 07, 2026 02:36 AM - ET
