1202 NE 3RD Avenue, Fort Lauderdale FL 33304

Fully renovated duplex-style residential income property in the highly desirable Progresso neighborhood of Fort Lauderdale, Broward County. Built in 1962, this one-story investment property offers 1,686 square feet of living area on a 6,756-square-foot lot with U.S. Hwy frontage, just 5 minutes from Downtown Fort Lauderdale and Wilton Manors and approximately 10 minutes from the beach.
Public records show a duplex, while the property currently operates as five rentable spaces: two studios, two one-bedroom, one-bath units, and one two-bedroom, one-bath unit. Current gross income is $8,550 per month, or $102,600 annually, with all utilities included. The rental breakdown is $1,000, $2,600, $1,500, $1,650, and $1,800 per month.
Recent improvements include a new metal roof, impact windows and doors, solar panels, new asphalt, landscaping, property-wide water filtration, Ring cameras with 24/7 monitoring, new appliances, and in-unit washer and dryer in every unit. The two separate buildings are connected by a hurricane-rated breezeway and feature a gated common patio, barbecue area, EV charger, and six off-street parking spaces. Cooling includes electric and other systems; heating is electric heat pump/reverse cycle.
Located west of US 1, near North Side Elementary, Sunrise Middle, and Fort Lauderdale High School. Pets are allowed. Enjoy South Florida sunshine, beaches, dining, nightlife, entertainment, and convenient infrastructure with easy access to Miami.
For details or to schedule a showing at 1202 NE 3RD Avenue, Fort Lauderdale FL 33304, call or text/WhatsApp +1 786.468.4380.