$849,000
$899,999
5.7%For more information regarding the value of a property, please contact us for a free consultation.
1507 NE 5TH AVE Fort Lauderdale, FL 33304
2,825 SqFt
Key Details
Sold Price $849,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,825 sqft
Price per Sqft $300
Subdivision Progresso
MLS Listing ID F10489456
Sold Date 01/05/26
Style Fourplex
Construction Status Resale
Total Fin. Sqft 6749
Year Built 1967
Annual Tax Amount $3,480
Tax Year 2013
Property Sub-Type Fourplex
Property Description
CASH FLOW FOR SALE! Just outside Wilton Manors Four-plex in East Fort Lauderdale. Professionally Managed property w/stable long-term tenants. This has been a cash cow for the owner for years. Separate Electric Meters for each Unit- Insurance, water/sewer/trash, Laundry Room Electric & RE taxes=$22,000. Unit #1 $1800/mo. Lease ends 11/14/26|Unit #2 $1700/mo. Lease ends 1/31/26|Unit #3 $1600/mo. Lease ends 2/30/26|Unit #4 $1700/mo. Lease ends 2/28/26- Coin-op laundry on Site brings in Approx.. $150/month, Property total monthly cash flow =$6,950.00 or $83,400 per year. Please Do not walk the property–tenants are unaware for sale. *Showings ONLY available after an ACCEPTED OFFER* This is a strong income producing asset in high-demand rental market. Ideal for investors seeking steady returns.
Location
State FL
County Broward County
Area Ft Ldale Ne (3240-3270;3350-3380;3440-3450;3700)
Zoning 10 APART
Interior
Heating Electric Heat
Cooling Electric Cooling
Flooring Ceramic Floor, Tile Floors
Exterior
Roof Type Comp Shingle Roof
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Triangle Properties, Inc.






