$515,000
$390,000
32.1%For more information regarding the value of a property, please contact us for a free consultation.
2,363 SqFt
SOLD DATE : 03/13/2025
Key Details
Sold Price $515,000
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
Construction Status Resale
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
Construction Status Resale
Others
Tax ID 494234048690
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Berkshire Hathaway HomeServices Florida Realty
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