1044 NE 10th Avenue, Fort Lauderdale, FL 33304

About This Home

This triplex in Fort Lauderdale's Progresso subdivision offers a compelling investment opportunity. Excellent income-producing property legally configured as a duplex with massive value-add potential. The property features stable cash flow across three currently occupied spaces, with the immediate ability to capitalize on a pre-configured 4th unit. The property comprises 1,413 square feet of finished living space across a single-story layout, providing straightforward ownership and management. As a residential income property, it delivers multiple revenue streams from one strategically positioned asset. Located in the established Progresso community, this triplex presents a tangible path to building equity while generating consistent returns. Unit 1 (Efficiency): Generates $1,200/month in rental income. Unit 2 (1BR / 1BA): Generates $1,500/month in rental income. Unit 3 (2BR / 2BA): Generates $1,950/month in rental income.Value-Add Potential: The 2BR/2BA space is already physically split and closed off into two distinct sections, each featuring its own private exterior entry. It is currently being leased to a single family as a whole 2/2. However, a future investor can effortlessly lease them out separately to maximize yield:Side A: A complete 1BR/1BA setup with a full kitchen.Side B: A standalone 1BR/1BA efficiency setup. Electric: The 2BR/2BA unit has its own separate electric meter and those tenants pay their own electric bill directly. The other units share a combined electric meter paid for by the owner. Water: Master metered for the entire building and paid for by the owner. Water Bill approximately $165.00 a month for the building FPL for the efficiency and 1/1 are approximately $150 a month garbage included in the water bill

Property Details

Flooring

Ceramic Floor, Tile

Heating

Electric

Cooling

Electric

Architectural Style

One Story

Building & Association

Stories

1

Stories Total

1

Association

No

Pets Allowed

Yes

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot, Less Than 1 Acre

Lot Size Square Feet

5,062

Waterfront

No

View

No

Construction Materials

CBS Construction, Stucco

Roof

Comp Shingle Roof, Shingle

Exterior Features

None

New Construction

No

Public Records

Parcel Number

494234047100

Tax Annual Amount

$8,153

Tax Year

2,025

Zoning

RMM-25

County Or Parish

Broward County

Location