FL > Fort Lauderdale > Progresso
Fort Lauderdale, FL 33304,1507 NE 5TH AVE
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Fort Lauderdale, FL 33304,1507 NE 5TH AVE
Fort Lauderdale, FL 33304,1507 NE 5TH AVE
Fort Lauderdale, FL 33304,1507 NE 5TH AVE
Fort Lauderdale, FL 33304,1507 NE 5TH AVE
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Joel Poulin

Joel Poulin

+1(561) 834-4428
$ 924,998
Est. payment /mo
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1507 NE 5TH AVE Fort Lauderdale, FL 33304

2,825 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,825 sqft

Price per Sqft $327

Subdivision Progresso

MLS Listing ID F10489456

Style Fourplex

Construction Status Resale

HOA Y/N No

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! Four-plex in East Fort Lauderdale (Blocks from Wilton Manors). Professionally Managed property w/stable long-term tenants. This has been a cash cow for the owner for years. Insurance, electric, water, sewer, trash & RE taxes total $22,000. Unit #1 $1700/mo. Lease ends 11/14/25 Unit #2 $1700/mo. Lease ends 1/31/26 Unit #3 $1400/mo. Lease ends 11/30/25 Unit #4 $1700/mo. Lease ends 2/28/26 There is Coin-op laundry on Site that brings in Approx.. $150/month, Property total monthly cash flow =$6,650, or $78,000 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 w/minimal management hassle!

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

Water Access N

Roof Type Comp Shingle Roof

Private Pool No

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

Pets Allowed No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

BeachesMLS Matrix (RAPB-F prefix)
Listed by E PRO Realty
agent

Joel Poulin

Broker Associate | License ID: BK3541362

+1(561) 834-4428

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1507 NE 5TH AVE