1507 NE 5th Avenue

Listing Snapshot

Price

$899,999

Days on Site

265 Days

Bedrooms

0

Total Baths

0

Living Area

2,825 sqft

Year Built

1967

Property Type

Multi-Family

MLS #

F10489456

Property Tax

$3,480 (2013)

Subdivision

PROGRESSO

County

Broward

Status

Sold

About This Property

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.

General Features

Property Type

Multi-Family

Status

Sold

Year Built

1967

Property Condition

Resale

Number of Stories

1

Living Sq Ft

2,825

Sewer

Public Sewer

Water Source

Public

Zoning

10 APART

Interior Features

Cooling

Electric

Heating

Electric

Flooring

Ceramic Tile / Tile

Exterior Features

Construction

Block

Roof

Composition / Shingle

Exterior Features

Balcony

Patio & Porch

Porch / Balcony

Lot Features

Less Than Quarter Acre

Community & HOA

HOA Includes

Sewer / Trash / Water

Utilities

Cable Available

Financing Terms

Cash / Conventional

Restrictions

Other Restrictions

MLS Area

3370