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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,363 sqft
Price per Sqft $217
Subdivision Progresso
MLS Listing ID A11735490
Sold Date 03/13/25
Style Fourplex
HOA Y/N No
Year Built 1973
Annual Tax Amount $1,913
Tax Year 2024
Contingent Other
Property Sub-Type Quadruplex
Property Description
Nestled within a sought-after Opportunity Zone, this fourplex offers an exceptional investment prospect with substantial growth potential, a welcome addition to any real estate portfolio. Subject is zoned multi-family 2-9 units; surrounding properties include vacant land, single-family and religious use spaces, providing a diverse landscape and the prospect of an assemblage within an Opportunity Zone that could potentially encompass up to 2.71 acres. Currently operated as low-income housing by a non-profit, the property is priced based on existing rental income and offers considerable upside potential, redevelopment opportunities, or repositioning in line with market demand in a rapidly developing area, with the added benefit of unlocking potential tax incentives for qualified investors.
Location
State FL
County Broward
Community Progresso
Area 3370
Interior
Heating Other
Cooling Wall/Window Unit(s)
Flooring Other
Window Features Double Hung,Metal
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat
Total Parking Spaces 5
Private Pool No
Building
Lot Description Flood Zone, Interior Lot
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Others
Tax ID 494234048690
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Berkshire Hathaway HomeServices Florida Realty
"Our dedication to personalized service means that you’ll receive individualized attention at every step of the process. From initial consultation to closing, we’re with you, offering guidance, insights, and support to navigate the complexities of the real estate market. "
1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States