Multi-family investment opportunity with immediate cash flow: 5 rentable units on one 11,300 SF lot in Fort Lauderdale. A fourplex (4-plex) with four 2BD/1BA units at $1,800/month each, plus a separate 4BD/2BA single-family home at $2,800/month, for $10,000/month and $120,000 in gross annual income. NOI of approximately $74,000 for a 6.2% CAP rate. Tenants in place. CBS block construction, with sufficient parking, fenced backyard with gazebo and BBQ area, and no HOA. A separate outbuilding currently used for storage offers value-add upside, with potential conversion to a laundry facility or additional living space, subject to applicable approvals. Ideal for investors seeking multiple income streams, rental income and future upside. Lot size and property information based on BCPA records.
| MLS # | B26065700 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 74 |
| Listing Provided By | Keller Williams Realty Consult | Michael Topow |
| SQ Feet | 4,009 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Zoning | RS-8 |
| Acreage | 0.26 |
| Lot Features | Quarter To Half Acre Lot |
|---|
| Tax Annual Amount | 21674.31 |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3460 |
| Subarea | FTNW Ft Ldale NW(3390 3400;3460;3540 3560;3720;3810) |
| Community Name | DORSEY PARK FIRST ADD |
| Listing VS Median (in DORSEY PARK FIRST ADD) | |
Price: $1,200,000 low | high Med: $644,950 sqft: 4,009 low | high Med: 1,612 $ / sqft: $299 low | high Med: $399 On site: 74 low | high Med: 78.5 | |
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33311 |
| Area | 3460 |
| Subarea | FTNW Ft Ldale NW(3390 3400;3460;3540 3560;3720;3810) |
| Community Name | DORSEY PARK FIRST ADD |
| Listing VS Median (in DORSEY PARK FIRST ADD) | |
Price: $1,200,000 low | high Med: $644,950 sqft: 4,009 low | high Med: 1,612 $ / sqft: $299 low | high Med: $399 On site: 74 low | high Med: 78.5 | |
![]() | $1,199,0001465 Nw 6th StreetFort Lauderdale, FL |