Property Description

Triplex investment opportunity in Waverly Place, Fort Lauderdale. This two-story residential income property is located within Sailboat Bend Historic District and has the potential to offer multiple revenue streams through its three-unit configuration. The layout provides flexibility for owner-occupancy with additional rental income potential. Well-positioned for investors seeking tangible real estate assets with income-generating capacity. The unit on 2nd floor offers a renovated 1 bedroom/1 bathroom, full kitchen, living area plus laundry and is currently occupied. 2 units on the 1st level both have private entrances but have sustained water damage from flooding and require renovation and repairs. 3 separate meters, 2 mini split a/c units. No info on age of roof, no premits of record. Flooding insurance claim has been issued however property is in foreclosure and no work has been done. City Public Works Dept is currently implementing the Fortify Lauderdale Stormwater Improvement Project, which includes Sailboat Bend historic district. Project is intended to enhance the citys stormwater infrastructure and help reduce flooding throughout the district. Verify all info with Lina Allakhverdieva, City of Fort Lauderdale. Also a current lien from the City of Fort Lauderdale, call to discuss with listing agent . Property is in foreclosure and this is a short sale.