Active
1124 NE 5th Ave
Fort Lauderdale FL, 33304
$1,900,000
Active
Commercial
Built in 1951
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.
F10486705
MLSⓇ ID
February 14, 2025
Listed
February 15, 2025
Updated
Interior Features
Total Stories
1
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.47 Acres
Roof
Composition, Shingle
Sewer
Public Sewer
Security
Smoke Detector(s), Security Lights
Other Property Details
Area Name
3370
Taxes
$15,611
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
Common, Guest
View
No
County
Broward
Water Source
Public
Listed by: Coldwell Banker Realty
Listing Contact:
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Data last updated 10:39 AM UTC, 2/15/2025