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1124 NE 5th Ave Fort Lauderdale FL 33304 MLS #F10486705

1124 NE 5th Ave
Fort Lauderdale, FL, 33304
$1,750,000
Beds
0 Bathrooms
SqFt
0.47 Acres
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$1,750,000
1124 NE 5th Ave
Fort Lauderdale, FL, 33304
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Project Description

This income-producing property features eight units, each with separate water and electric meters. Five units are recently renovated, and three are in need of updating. The detached three-bedroom unit has a new kitchen and baths being installed for maximum rental potential- it also has new impact windows and doors being installed. A new roof was installed in 2020, and 7 of the 8 units are currently rented, providing steady income. Located within walking distance to Wilton Manors and Wilton Drive’s shops and restaurants, the property is also close to Las Olas, Flagler Village, and Victoria Park, making it highly desirable for tenants. Sale includes two side by side parcels of land that total half an acre. First Parcel holds a six plex and second parcel holds a duplex.

Property Details

Price:
$1,750,000
MLS #:
F10486705
Status:
Active
Baths:
0
Type:
Commercial
Neighborhood:
3370
Listed Date:
Feb 13, 2025
Lot Size:
20,256 sqft / 0.47 acres (approx)
Year Built:
1951

Schools

Interior

Exterior

Financial

Taxes
$15,611

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Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
1124 NE 5th Ave
Fort Lauderdale, FL