Rare opportunity in Sailboat Bend! This income-producing triplex features a 1BR/1BA and two efficiencies w/ private entrances & patios. All units rented month-to-month, with a total potential income of $4,400/month. The property offers a brand-new roof, updated electrical, impact windows, tile flooring, and a spacious backyard with room for pool or expansion. One water meter, 4 electric meters (including house meter), 5+ parking spaces via alley access. Lots of new development in the neighborhood, great site for future townhomes. Walk to Las Olas, the Riverwalk, and Performing Arts Center. Minutes to Downtown, Brightline, airport & beaches. Zoned triplex – ideal for investors or short-term rental conversion. DO NOT WALK PROPERTY. SHOWINGS ONLY AFTER EXECUTED OFFER. DO NOT DISTURB TENANTS. 1004 W Las Olas Blvd, Fort Lauderdale, FL 33312Offered at $698,700Triplex | 3 Units | Zoned: RML-25| 1,526 SF Living Area | 8,750 SF LotPresenting a rare and well-located investment property in one of Fort Lauderdale’s most walkable and historic neighborhoods—Sailboat Bend. This versatile triplex offers immediate income potential, excellent upside, and long-term redevelopment possibilities, all just steps from Las Olas Blvd, the Riverwalk, and Downtown Fort Lauderdale. Whether you're a seasoned investor seeking solid returns or an end-user seeking multi-unit flexibility with future growth, this property offers compelling value.PROPERTY OVERVIEW:Built in 1968 and well maintained, this CBS construction one-story triplex features three legal units: one 1-bedroom/1-bath and two efficiencies. All units have private entrances and outdoor patio areas, creating a comfortable and private living environment. The total living area spans approximately 1,526 square feet under air, with additional outdoor areas and a deep backyard ideal for potential pool installation or further improvements. The total lot size is 8,750 square feet, and the property is zoned for triplex use under the Waverly Place subdivision designation.The units are currently rented on month-to-month leases, offering immediate income and long-term repositioning flexibility. Total potential monthly rent based on current lease terms is $4,400.UNIT BREAKDOWN AND RENTS (PRO FORMA):Unit 1 (Front): 1 Bed / 1 Bath – Rented at $2,000/monthUnit 2 (Rear Efficiency): Studio / 1 Bath – Rented at $1,200/monthUnit 3 (Rear Efficiency): Studio / 1 Bath – Rented at $1,200/monthTotal Potential Monthly Income: $4,400All tenants are on month-to-month leases.UTILITIES AND SYSTEMS:One water meter shared across all three units.Four electric meters total: one for each unit, and one dedicated house meter for common areas.Water, sewer, lawn maintenance, trash, and pest control are currently included in rents, offering a simplified utility structure.MECHANICAL & STRUCTURAL FEATURES:Electrical system has been updated.Impact-resistant windows installed throughout all three units.Preventative maintenance on the roof recently completed.Split A/C units in each unit (specifics per unit available upon request).No known major deferred maintenance at time of listing.INTERIOR FINISHES & UNIT FEATURES:All units include tiled flooring—mix of terrazzo, ceramic, and Mexican clay tile, depending on the unit.Each unit includes private entry and exclusive outdoor patio space.Kitchens and bathrooms are in rentable condition, with some cosmetic variation between units.Laundry hookups not currently installed, but there is space in the utility area to add washer/dryer systems.EXTERIOR FEATURES:Generous lot size with room to add a pool or expand outdoor amenities.Property sits along a quiet residential block just west of the river.Parking available for 4 or more vehicles via alley access behind the property.Fenced backyard with tropical landscaping and mature vegetation.Walkability and location appeal are significant value drivers.LOCATION & COMMUNITY:Sailboat Bend is one of Fort Lauderdale's most character-rich and desirable historic districts. Nestled along the south side of the New River and just west of Las Olas, it offers a rare mix of charm, culture, and accessibility. The property is walking distance to:The Broward Center for the Performing ArtsEsplanade Park and the RiverwalkHistoric Himmarshee District nightlife and diningBrightline Station, offering express train service to Miami, West Palm Beach, and OrlandoDowntown Fort Lauderdale, Las Olas Blvd, restaurants, coffee shops, and co-working spacesIt is also within a 10-minute drive to Fort Lauderdale-Hollywood International Airport (FLL), and within close proximity to I-95 and the beaches.INVESTMENT HIGHLIGHTS:Zoned Triplex with upside potential in land and locationStrong in-place rental income with room for increaseFlexible month-to-month tenanciesIdeal for value-add renovations, short-term rental conversion, or long-term holdZero HOA or community restrictionsRoom for future development or expansionSteps to Las Olas and major cultural destinationsExcellent long-term appreciation potential in Fort Lauderdale’s urban coreNEW ROOF, Impact windows and updated electric reduce capital expenditure exposureEXPENSE OVERVIEW (APPROX.):2024 Property Taxes (No Homestead): $6,011Utilities included in rent: water, sewer, lawn maintenance, trash, pest controlSeparate electric meters – tenants pay own electricInsurance quotes available upon requestDISCLOSURES & ACCESS:DO NOT WALK PROPERTY. SHOWINGS ONLY AFTER EXECUTED OFFER. DO NOT DISTURB TENANTS. NO EXCEPTIONS.Buyer to verify all measurements, financials, and zoning details directly with the City of Fort Lauderdale and/or Broward County.Listing broker and seller make no representations or warranties other than what is stated in the MLS and contract.

Listed by Coldwell Banker Realty