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PROGRESSO VILLIAGE PORTFOLIO

4 Properties in Fort Lauderdale, FL

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Investment Highlights

The City of Fort Lauderdale Planning and Zoning Department has requested a rezoning change from RMM-25 to NWRAC-MUNe.
Average household income is $80,236.
The City of Fort Lauderdale is embarking on a $24.2 million project to enhance East Sunrise Boulevard.

The average daily traffic on Sunrise Blvd is 58,669 cars.
Increase the in-place rent by 5% or $100 per unit for stabilization.
Call for Offer and in place cap rate 2.5%

Executive Summary

Coldwell Banker Commercial Realty is pleased to announce the availability of 1011-1015, 1017, 1019, & 1021 NW 4th Ave, Fort Lauderdale, FL 33311, encompassing a total lot size of 23,653 SF. All units are equipped with wall A/C units. The Progresso Villiage will offer one (1) studio, six (6) one-bedroom, one bathroom units, and two (2) two-bedroom, one-bathroom units.

City of Ft Lauderdale Asking Businesses their Satisfaction with City Sevices & Place to do Business08072024[76541]

Sec._47_5.36.___Table_of_dimensional_requirements_for_the_RMM_25_district.__Note_A_

Sec._47_23.12.___Bonus_density_in_the_RML_25__RMM_25_and_RMH_25_districts_with_residential_high_land_use_designation.

CBC - Offering Memorandum (P)

Taxes & Operating Expenses (Actual - 2023) Click Here to Access	Annual
Gross Rental Income	$99,999
Other Income	$99,999
Vacancy Loss	$99,999
Effective Gross Income	$99,999
Taxes	$99,999
Operating Expenses	$99,999
Total Expenses	$99,999
Net Operating Income	$99,999

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999

Other Income
Annual	$99,999

Vacancy Loss
Annual	$99,999

Effective Gross Income
Annual	$99,999

Taxes
Annual	$99,999

Operating Expenses
Annual	$99,999

Total Expenses
Annual	$99,999

Net Operating Income
Annual	$99,999

Property Facts

Sale Conditions	Bulk/Portfolio Sale	Individually For Sale	0
Sale Type	Investment	Total Building Size	7,597 SF
Status	Active	Total Land Area	0.86 AC
Number of Properties	4

Sale Conditions	Bulk/Portfolio Sale
Sale Type	Investment
Status	Active
Number of Properties	4
Individually For Sale	0
Total Building Size	7,597 SF
Total Land Area	0.86 AC

Properties

Property Name / Address	Property Type	Size	Year Built	Individual Price
1021 NW 4th Ave, Fort Lauderdale, FL 33311	Multifamily	5,223 SF	1962	-
1011 NW 4th Ave, Fort Lauderdale, FL 33311	Multifamily	2,374 SF	1950	-
1019 NW 4th ave, Fort Lauderdale, FL 33311	Land	0.08 AC	-	-
1017 NW 4th ave, Fort Lauderdale, FL 33311	Land	0.08 AC	-	-