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Business Opportunity - PROGRESSO for Sale

1041 NE 9TH AVE, FORT LAUDERDALE, FL 33304

Asking Price$875,000

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  • Year Built 1953
  • Days on market:

    154 day(s)
  • Tax Legal Description:

    PROGRESSO 2-18 D LOT 4,5 BLK 178
  • Tax Year:

    2022
  • Property Type:

    Business Opportunity
  • Style:

    Duplex
  • Construction Type:

    Concrete Block ConstructionOther Construction
  • Cooling Description:

    Wall/Window Unit CoolingElectric Cooling
  • Heating Description:

    Other
  • Floor Description:

    Tile Floors
  • Sewer Description:

    Municipal Sewer
  • Lot Features:

    Less Than 1/4 Acre Lot
  • Type of Association:

    None

Description

$875,000

Fantastic opportunity to purchase a cash cow income property in the lake ridge area. duplex property. total income of $7,000 gross per month or 84,000.00 gross income per year. this property is perfect for airbnb setup and to maximize the income further. live in the large unit and manage the others. above 8% rate of return on your investment as it is or make even more with airbnb income conversion. this is a prime location. potential for redevelopment townhouses. the area is growing with amazing surrounding businesses in the area such as yoga, cold plunge, restaurants, bars, barbers and salons, restaurants, and bars and clubs. enjoy the 13th ave revitalization. invest in the best location and price per sq ft.

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